Property description
SITUATION
The property is situated on Regent Terrace in Gateshead and is located directly opposite the Civic Centre. The property is within walking distance of a Metro Station and is on prime bus routes. It is less than half a mile from the Central Motorway providing excellent transport links to Newcastle City Centre and the A1 (M).
Surrounding occupiers include Gateshead Council, Café Eight, Smith and Smith Dental Practice and Hathaways Law Firm.
DESCRIPTION
The property is of brick and block construction with a pitched tiled roof and is part of a terrace built circa 1930’s. The premises benefit from sash windows with some secondary glazing.
ACCOMMODATION
The property comprises:
Ground Floor Offices
49.9m²
537.1ft²
First Floor Offices
52.1m²
560.8ft²
Second Floor Storage
25.7m²
276.6ft²
Basement Storage
27.1m²
291.7ft²
Total
154.8m²
1666.2ft²
TERMS
The property is available by way of new lease for a term of years to be negotiated at a rental of £13,500 (Thirteen Thousand Five Hundred Pounds) per annum. Our client may consider a sale.
RATING ASSESSMENT
Description
RV
Estimated Rates Payable
Offices
£11,000
£5038
We are advised that the rateable value of the premises as at 1 April 2010 is £11,000 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 45.8p 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 :
- Offices to Let
- Prominent Location within Gateshead
- Directly Opposite Gateshead Civic Centre
- Car Parking to the Front of the Property
- Available By Way of a New Lease