Property description
SITUATION
The property is located on Earlsway on the Earls Park North Development.
Bordering the A1, Team Valley is situated approximately 4 miles south and west of Newcastle and Gateshead centres. It is the premier mixed use business location in the region totalling around 280 hectares (700 acres) and is home to a wide variety of businesses.
Road links to all parts of the region and beyond are excellent and the estate is served by regular bus services.
The property is situated on a small estate of 8 identical units and surrounding occupiers include AMD Specialist Coatings and Elring Parts Ltd.
DESCRIPTION
The unit is steel portal framed and of modern construction with insulated profile sheet cladding and benefits from electric roller shutters. Within the unit is a combat warm airblower, believed to be gas. It is believed the unit has single phase electricity of 100 amps.
A combination boiler heating a hot water tank and also provides gas central heating to the office areas and kitchen.
ACCOMMODATION
The property comprise of the below:
Ground floor warehouse
640.0m²
(6,888.8ft²)
Ground floor office
40.1m²
(431.6ft²)
First floor office
69.7m²
(750.2ft²)
Total
749.8m²
(8,070.6ft²)
TERMS
The property is available by way of a new FRI lease for a term of years to be agreed at a rental of £46,500 (Forty Six Thousand Five Hundred Pounds) per annum.
RATING ASSESSMENT
Description
RV
Estimated Rates Payable
Warehouse &
£40,750
£19,193.25
Premises
We are advised that the rateable value of the premises as at 1 April 2010 is £40,750 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 47.1p in the pound However, interested parties should confirm the current position with the Local Authority.
As a new occupier rights of appeal may exist against this assessment.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
VIEWING
For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.
Property Features :
- Warehouse and offices to let
- Located within Team Valley Trading Estate
- Total size 749.8m² (8,070.6ft²)
- Hard-standing area to front for parking
- EPC Rating C75