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Commercial
Type: For rent
Tenure : Leasehold
Class: B1 Business
Address: Park Road, Gateshead, Tyne and Wear NE8, UK
Categories:
Commercial Property
Office
Rent: £40,000

Location

The property is situated in a prominent position on the A184 Park Road which links directly with the A167 and Newcastle City Centre via the Tyne Bridge to the West and the A1 and A19 to the east.  Local occupiers are made up of  a number of car showrooms, a petrol filling station and a McDonalds Drive Thru. Gateshead International Stadium is also situated a short distance away, together with the St James’ village residential scheme.

Description

The property comprises a 3 storey detached office building of  concrete frame construction with cavity brick elevations beneath a flat, mineral felt covered roof. The ground and first floors provide a mix of office accommodation with some retail and include carpet  covered floors with painted plaster walls and a suspended ceiling with lighting provided by recessed fluorescent strip lights. Male and female WC’s are also located on the ground floor. The second floor is accessed by a concrete staircase.

Accommodation

The property has been measured in accordance with the RICS Code of Measuring Practice and has the following Gross Internal Areas (GIA):

Ground Floor    2,543 sq.ft. (236.3 sq.m)

First Floor         3,161 sq.ft. (293.7 sq.m)

Second Floor   2,978 sq.ft. (267.6 sq.m)

Terms

The property is available by way of a new effective fully repairing and insuring lease for a term of years to be agreed.

The asking rent is £40,000 per annum. 

Our client would also consider the sale of the Freehold with offers invited.

Legal Costs

The ingoing tenant will be responsible for the landlords reasonable legal costs in the preparation of the lease.

Planning

We understand the premises have planning permission for use as B1 Office Use under the Town & Country Planning (Use  Classes) order 1987 (as amended). 

Business Rates

Following enquiries with the Local Rating Authority we are advised that the property is entered into the Valuation List as follows:

Description: Offices & Premises

Rateable Value:   £10,750

Viewing

Strictly by appointment with this office.


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Commercial Property for rent - Park Road, Gateshead, Tyne and Wear NE8, UK

Listed on: 20 August 2015
£40,000 Per annum
Marketed by
North East Commercial Property Ltd
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