£1,500,000
LOCATION
The subject property is situated on the fringe of Corbridge village and adjacent to the train station. Corbridge is a village in Northumberland, England, 16 miles (26 km) west of Newcastle and 4 miles (6 km) east of Hexham. Villages nearby include Halton, Acomb, Aydon and Sandhoe.
DESCRIPTION
Multi let estate with two office buildings and an industrial unit. The site comprises two detached, office buildings and a detached industrial building which is between the two offices.
ACCOMMODATION
We calculate the approximate net internal floor areas to be as follows:
Ground Floor 235.23m² 2,532ft²
First Floor 262.91m² 2,830ft² T
he Arches 277.03m² 2,982ft²
Industrial Building 719.81m² 7,748ft²
Total 1494.98m² 16,092ft²
EPC RATING
The Arches B47
The Corbridge Business Centre B45
TERMS
The estate is available in whole with ‘offers in excess of £1,500,000 (One Million and Five Hundred Thousand Pounds) for the benefit of the freehold interest’. A sale at this level would equate to a net initial yield of 8.93% against passing rent, excluding the virtual income and allowing for purchasers costs at 6.5%
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 we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.
VIEWING
For general enquiries and viewing arrangements please contact Bradley Hall.
Tel: 0191 232 8080
Email: harry.towers@bradleyhall.co.uk