Property description

SITUATION

The Tanfield Lea site is located approximately 1 ½ miles north of Stanley just off the A6076 which leads to the A1(M) western bypass around Newcastle Upon Tyne and Gateshead just under 7 miles to the north east. Access to the A1(M) is also available via the A693 at Chester-le-Street approximately 7 miles to the south east.

DESCRIPTION

This substantial heavy engineering premises is located on a large, secure site in Tanfield Lea South Industrial Estate. 

The  factory itself benefits from 3 main workshop / fabrication areas, each housing substantial overhead cranes; up to 15 tonnes. Each workshop is accessed separately by full size steel roller shutters.   

In addition, there is a rear machine shop which is separately access and also joined on to the annex office building. The machine shop has a two tonne overhead crane and separate roller shutter access. 

The self contained office accommodation provides a reception area, managers offices overlooking the workshop, boardroom and kitchen / w/c facilities. 

The property would suit sub division should this be required.  

ACCOMMODATION

As set out below: 

Workshop 1 – LET 

Workshop 2 – 650m2 (6,996sqft) 

Workshop 3 – 540m2 (5,812sqft) 

Machine Shop – 160m2 (1,722sqft) 

Office - 139m2 (1500sqft) 

Total GIA –  2,139m2  (23,026sqft) 

ASKING PRICE

Our client is seeking offers in excess of £450,000 for their freehold interest. Leasehold offers invited in the region of £3 psf for whole or part. 

LEGAL COSTS

Each party to bear their own legal costs in relation to the transaction.  

RATING ASSESSMENT

We understand that the rating assessments on the premises as at 1 April 2010 is  as follows, although we would advise that some of the assessments may have been the subject of appeals and any interested party should confirm the current position with the Local Authority. 

Description                            RV                           UBR

 Factory & Premises                £48,500                   47.1p 

As a new occupier rights of appeal may exist against this assessment.  For further information contact our Rating Department at this office. 

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 and ask for Daryl Carr.
?

Property Features :

• Large Factory Premises
• 3 Large Workshop Areas
• Substantial Overhead Cranage
• Extends To 2,139m2 (23,026sqft)
• For Sale / To Let