1-2 Meadow Court, Dukesway, Team Valley, Gateshead

LOCATION 

The subject property has a prime location, with prominent frontage to Dukesway, within Team Valley Trading Estate. Dukesway is a main estate road through the Team Valley Trading Estate, running parallel to the A1(M) which can be accessed in a short distance from the property. It also links with Kingsway via Second Avenue. The A1(M) is 0.4 miles away and the B1426 which links with Gateshead town centre is 0.3 miles away.

This is one of the north east’s most principal commercial estates, with strategic location, home to over 700 businesses.

There are excellent amenities within the estate including, a Sainsbury’s and the Retail World, where occupiers include M&S, Boots, TK Maxx, McDonalds and many more.

There is further retail, a gym and the Premier Inn hotel at Maingate.

DESCRIPTION 

The property comprises a modern, detached hybrid industrial/office building which provides an excellent HQ opportunity. With grand glass fronted central reception, good quality office and warehouse space and car park/yard to either side of the building.

The accommodation is arranged over two floors with offices and ancillary areas completed to a high specification inducing suspended tiled ceilings, LED lighting, air conditioning and double glazing.

There is a warehouse/workshop with mezzanine within one side of the building which has a roller shutter vehicle access door leading out into a yard.

There are approximately 21 car parking spaces on site. 

ACCOMMODATION 

We calculate the approximate gross internal floor areas to be as follows:

EPC RATING 

Awaiting EPC Rating

RATING ASSESSMENT 

The rateable value of the premises as at 1 April 2023 is £52,000 and the estimated rates payable for the current year is £25,948. This is based on the standard uniform business rates multiplier of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

TERMS 

The property is available by way of a new lease with terms to be agreed at £72,500 (Seventy Two Thousand Five Hundred Pounds) per annum.

Our client may sell their long leasehold interest.

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.

LEGAL COSTS 

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

ANTI-MONEY LAUNDERING REGULATIONS 

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

VIEWING 

For general enquiries and viewing arrangements please contact Bradley Hall.

Tel: 0191 232 8080

Email: newcastle@bradleyhall.co.uk