Purchase price of £450,000
The subject property is situated within the popular Metro Riverside Business Park which is on the south bank of the River Tyne. The business park is adjacent to intu Metrocentre and is within a prominent and popular business location.
The property is 0.5 miles from the A1(M), 3 miles from Gateshead and 4 miles from Newcastle upon Tyne city centre. The property is less than 1 mile from Metrocentre train station and bus interchange.
The subject property comprises detached, modern office premises arranged over ground and first floors. The premises are finished to a good standard throughout and benefit from suspended ceilings, part recessed LED lighting and raised access flooring with data access points.
Externally the property has the benefit of 12 dedicated car parking spaces.
Total 336.79m² (3,625ft²)
Description RV Estimated Rates Payable
Office and Premises £31,250 £15,000
We are advised that the rateable value of the premises as at 1 April 2017 is £31,250 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.
Awaiting EPC Rating
The subject property is available by way of a new lease with terms to be agreed at £48,000 (Forty Eight Thousand Pounds) per annum.
The property is also available for sale at £450,000 (Four Hundred and Fifty 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.
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.
For general enquiries and viewing arrangements please contact Bradley Hall or Johnson Tucker.
Tel: 0191 232 8080
Tel: 0191 269 7892