Offers in excess of £420,000
The subject property is centrally situated in Newcastle City Centre on the immediate fringe of the primary retail area and has historically been recognised as one of the primary office locations in the City Centre with a small number of ground floor retail units situated nearby.
The local area has been promoted in the recent past by government funding which has led to a substantial improvement in the environment of the local area, notably the pedestrianization of New Bridge Street West immediately opposite the Laing Art Gallery.
Notable nearby occupiers include the Premier Inn Hotel, Northumbria University, Laing Art Gallery, Newcastle Library, Hustlers and the NCP.
The subject comprises a substantial period building being of brick construction with a pitched and slated roof and has the additional benefit of basement and attic accommodation.
The property is self contained with it’s own front door, has a secure entry phone system for visitor access and internally provides good quality office accommodation over ground, first and second floors, a meeting/board room in the attic, basement storage and kitchen and WC facilities. The property has gas central heating via panel radiators and lighting is provided by way of ceiling mounted category 2 lights. The property is fully alarmed and has predominately single glazed sash windows, though the attic has wood framed double glazed windows.
Externally, there is metered on-street car parking to the front and a small yard to the rear – a fire escape provides emergency access to the rear of the property to full building height.
The property may be available for a variety of uses including development, subject to obtaining planning permission.
||Estimated Rates Payable
|Office and Premises
We are advised that the rateable value of the premises as at 1 April 2017 is £18,500 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 48p in the pound. However, interested parties should confirm the current position with the Local Authority.
The subject property is available by way of Freehold and offers are invited in excess of £420,000 (Four Hundred and Twenty Thousand Pounds).
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.
Each party is to bear their own legal costs involved in the transaction.
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.
For general enquiries and viewing arrangements please contact Nicholas Bramwell at Bradley Hall.
Tel: 0191 232 8080