Property description
SITUATION
The property is located within Team Valley Trading Estate situated adjacent to the A1, just south of Gateshead and approximately two miles south of Newcastle City Centre.
The Estate is a commercial centre for the area and home to a number of major national occupiers. The Estate has excellent transport links offering access to bus routes and excellent road links north and south bound via the A1.
DESCRIPTION
The property comprises a number of small office suites and has shared access for the ground and first floor via an entrance hall.
ACCOMMODATION
Suite
Size m²
Size ft²
Rent (per annum)
RV
Rates Payable
2/3
51
549
£5,490
£5,200
£2,449.20
6
40.6
437
£4,370
£3,700
£1,742.70
7
23.04
240
£2,480
£2,500
£1,177.50
9A
60
642
£6,420
£5,900
£2,778.90
10
121
1,302
£13,030
£10,750
£5,063.25
TERMS
The suites are available on easy in-easy out terms on flexible leases / license at the above rentals.
We are advised that the service charge is approximately £3.50 per square foot per annum and covers the cost of maintaining the common areas of the building.
RATING ASSESSMENT
We are advised that the rateable value of the premises as at 1 April 2010 is as above and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 47.1p in the pound. However, interested parties should confirm the current position with the Local Authority.
As a new occupier rights of appeal may exist against this assessment.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
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.
Property Features :
- Available on flexible terms
- From 23.04m² (240ft²) - 121m² (1,302ft²)
- Located within Team Valley Trading Estate
- Easy in - Easy out agreements
- Service charge applies