The property comprises a modern industrial building with two storey offices and travelling cranes. The unit is of steel portal frame construction, clad with insulated profile cladding to the walls and roof. Internally the unit benefits from concrete floors throughout, strip lighting, heating via gas fired warm air blowers with a minimum eaves height of 5.6m rising to 9.6m at the apex. The industrial space is divided into two sections, the larger section to the front serviced by a 10t crane. The smaller rear section has a 2t crane. Ancillary offices are provided over two floors at the front of the property, clad with brick elevations, with gas fired central heating. There are three level access loading doors measuring approximately 4.5m wide by 5m high. A large shared service yard to south elevation is accessed off Queensway South to the rear of the building. A smaller fenced yard is provided to the north and dedicated car parking to the front.
The property is prominently located on Kingsway South, the main road running through Team Valley Trading Estate. Team Valley is located approximately 1 mile south west of Gateshead Town Centre and approximately 3 miles south of Newcastle upon Tyne City Centre. The estate benefits from excellent communication links with direct access to the A1 Western Bypass available at both the northern and southern end of the estate. The A1 in turn provides connections to the regional and national motorway network. Team Valley is widely recognised as the premier business location for production/warehouse facilities in the North East and covers a total area of approximately 238 hectares providing more than 650,000 sq m of industrial, office, retail and leisure accommodation.
We understand that the property is connected to all mains services.
All figures quoted are exclusive of VAT which may apply.
Rateable Value : £99,500
The property is held by way of a long lease for a term of 125 years from 12th April 1996 at a peppercorn rent.
The property is available to let by way of a new Full Repairing and Insuring lease for a term of years to be agreed at a rent of £102,450 per annum exclusive.
The EPC Rating for the property is C(71)