Leasehold £99,150 Per Annum
1 Kings Court, Kingsway South, Gateshead, Tyne And Wear NE11 0SH

  • Prominent detached warehouse unit on Kingsway, Team Valley
  • Cross docked - 10 level access doors
  • Two storey offices
  • 5.7m eaves height
  • Fully refurbished condition
  • Electric heaters in the office
  • Secure service yard

Description

The property comprises a fully refurbished modern detached industrial unit with two story offices. The main warehouse/production area is of steel portal frame construction with 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 front of the building comprises a two-story brick built office block. The offices are carpeted, have suspended ceilings with recessed LED lights and double-glazed windows. Heating is via electric radiators. There is a shared service yard to the northern elevation and a secure fenced yard to the southern elevation.

Location

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.

Services

Interested parties should satisfy themselves that all mains services are available.

VAT

All figures quoted are exclusive of VAT which may apply.

Business Rates

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.

Terms

The property is available by way of a new FRI lease for a term to be agreed at a rent of £99,150 per annum exclusive.

EPC

The property has a rating assessment of D(85). A copy of the certificate is available on request.

Make an enquiry

Nick Atkinson
0191 245 3011 - nick.atkinson@htare.co.uk

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