The premises comprise a detached high bay industrial unit of steel framed construction with production area, warehouse and office accommodation over two floors, A steel portal frame building with brick/blockwork base walls with insulated profile metal sheeting above, also extending to the roof which incorporates translucent roof lights. The unit has an eaves height of approximately 8m and maximum apex height of 9.5m. Loading access is via three insulated sectional up and over loading doors and two dock level loading doors. The unit has LED lighting, gas heating and fresh air ventilation installed. The offices have gas central heating radiators and comfort cooling in some areas, are carpeted throughout with suspended ceilings, LED lighting and trunking for power and communications. The first floor includes a canteen. A car park to the front provides 57 spaces and the secure service yard has a maximum depth of approximately 50m. An inventory of BRC food packaging compliant fit out is available by way of separate negotiation, including gas heating, LED lighting, high density racking, mezzanine floors, compressed air and power distribution.
Follingsby Park is a premier industrial estate extending to 110 acres at the centre of the Tyne & Wear conurbation. With direct access to a Motorway junction on the A194(M), the park has good links to the A1(M), the A19 and all the region's main towns and cities, including Newcastle, Sunderland and Durham. An established prime industrial location with occupiers including Fed Ex, IKEA and Whistl.
We understand that the property is connected to all mains services.
All figures quoted are exclusive of VAT which may apply.
The Valuation Office Agency website lists the property with a Rateable Value of £163,000. Interested parties should speak to the Local Rating Authority to confirm the rates payable.
Available by way of assignment of a lease for 10 years from 3rd June 2018 with a Tenant break option and rent review in June 2023. Passing rent £198,121.50 pa.
The EPC Rating for the property is C(73)