The property comprises a modern detached industrial unit with two story offices. The main warehouse/production area is of steel portal frame construction with brick/block walls to a height of 2.25m with profiled cladding to an eaves height of 5.7m. It has a pitched profile clad roof incorporating translucent roof lights. Internally the unit benefits from sodium lighting with access via 10 electrically operated sectional loading doors approximately 5m (h) x 4.5m (w), with 5 doors to the southern elevation and 5 doors to the northern elevation. The western elevation of the building comprises a two story brick built office block. The ground floor accommodation provides a reception entrance, offices, W/Cs and a shower and a canteen/break out area. First floor provides a number of offices, a boardroom and WC/shower. Generally, the offices are carpeted, have suspended ceilings with recessed fluorescent strip lights and double-glazed windows. Heating is via electric radiators. Externally the property has block paved car parking spaces with direct vehicular access from Kingsway South. There is a shared service yard to the northern elevation and a secure fenced yard to the southern elevation accessed from Queensway South to the rear of the property.
The property is located in one of the most prominent positions on Team Valley on the east side of Kingsway South. Bordering the A1, Team Valley is situated approximately 4 miles southwest of Newcastle and Gateshead. It is the largest industrial estate in the region and a genuine mixed use business location totaling around 280 hectares (700 acres). It's home to a wide variety of uses including a Sainsbury's supermarket, retail warehouses, hotels, convenience shops and a substantial office park as well as the industrial and warehousing properties. Road links to all parts of the region and beyond are excellent and the estate is served by regular bus services.
Interested parties should satisfy themselves that all mains services are available.
All figures quoted are exclusive of VAT which may apply.
According to the Valuation Office Agency website the property has a Rateable Value of £88,500. Interested parties should speak to the Local Rating Authority to confirm the rates payable.
The property is available by way of an assignment of the existing 10 year FRI lease with 5 year review from the 2nd November 2012. The passing rent is currently £76,836. The November 2017 Rent Review is still outstanding. A new FRI lease on terms to be agreed may also be available.
The EPC Rating for the property is available on request.