Freehold On Application
Leasehold £99,800 Per Annum
N290, Kingsway South, Team Valley Trading Estate, Gateshead NE11 0QA

  • Prominent detached industrial building
  • Dedicated secure service yard
  • Ground floor offices
  • Suitable for a Variety of Industrial Uses

Description

The property comprises a single storey steel portal frame industrial unit with brick and blockwork walls with profile metal sheeting above under a pitched profile metal roof. Internally the manufacturing space benefits from concrete floors throughout, strip lighting, gas fired warm air blowers and a minimum eaves height of 3.65m rising to 4.57m at the apex. High quality office accommodation is provided to the front of the premises benefitting from suspended ceilings with recessed lighting, heating and metal framed double glazed windows. Externally the property can be accessed via Kingsway South or Queensway South with loading via an electrically operated roller shutter door.

Location

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.

Services

We understand that the property is connected to all mains services.

VAT

All figures quoted are exclusive of VAT which may apply.

Business Rates

According to the Valuation Office Agency website the property has a 2017 Rateable Value of £88,000. Interested parties speak to the Local Rating Authority to confirm the rates payable.

Terms

The Long Leasehold interest is available to purchase, price on application. Alternatively, 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 £99,800 per annum.

EPC

The Energy Performance asset rating is Band C (74). A fully copy of the EPC is available for inspection if required.

Make an enquiry

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

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