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REF: NE2224

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Office / Investment

Dunston

£315,000 (Freehold)

REF: NE2224

Location

 

The property is located on the southern bank of the River Tyne within The Watermark development, close to the Metro Centre. The development is very well located, being approximately 1/4 mile from the nearest junctions of the A1(M) giving easy access to the regional and national road networks.

 

This development also benefits from excellent public transport links and is conveniently situated about a 10 minute walk from the Metro Centre public transport interchange which provides both rail and bus access. Newcastle airport is positioned 5 miles to the north-west of the estate, circa 15 minutes by car, and offers flights to UK and numerous European destinations plus a daily flight to Dubai.

 

Description

 

This immaculate property comprises a two-storey office unit forming a terrace that was constructed between 2007 and 2008.  The property is of steel frame construction with brick and block curtain walling under an artificial slate roof. Internally the property has raised access floors, carpet tile floor coverings, painted plaster walls, and a suspended ceiling with new LED light fittings.  Heating is by way of a small-bore gas-fired wet radiator system.

 

Current Business Model

 

The building currently operates as an office centre with options for physical and virtual occupancy via www.2bankside.co.uk  There are currently 4 licensed tenants and 4 virtual tenants plus income from the hire of a meeting room.  The property is configured to provide 2x office spaces plus the meeting room on the ground floor with a large open plan space on the first floor.  Solar panels are installed on the roof which generate another income stream.  Vacant possession of the building would also be available.   

 

Accommodation

 

The property has been measured on a Gross Internal Area (GIA) basis as follows:

Ground Floor

Lobby

Offices                  circa 820 sq.ft. (76 sq.m.).

W.C.

W.C.                       DDA compliant

First Floor

Offices                  circa 1,045 sq.ft. (97 sq.m.).

External

Car Parking          4x allocated spaces

 

EPC

 

Rating C.

Services

 

Gas central heating, which can be operated remotely. and double glazing is installed to the building.  Exit and entry can also be monitored remotely.

 

Legal Costs

 

Each party to bear their own.

 

Business Rates

 

The premises are assessed as follows:

Ground Floor        RV £11,250

First Floor              RV £14,500

Rates incentives subject to status.

 

Money Laundering Regulations

 

In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.

If you'd like to know more about how we work, give us a call on 0191 487 8566, we're always happy to help.

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