Industrial for sale in Enterprise House, Kingsway, Team Valley Trading Estate, Gateshead NE11

£400,000 (£98.57/sq. ft)
Industrial for sale 4,058 sq. ft*
Interested in this property? Call +44 191 686 1492 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Fully tenanted investment
  • Steel frame industrial unit
  • Nia 377sqm (4,058sqft)
  • Excellent road and transport links
  • Parking spaces available
  • Let for 15,000 + VAT per annum

Property description

Summary

The subject property is a steel frame industrial unit with parking, located in the ever popular Team Valley industrial estate. The unit is currently tenanted for 12,000 per annum (increasing in years 2 and 3), making an excellent investment opportunity.

Location

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.

Accommodation

The subject property is an industrial unit consisting of a warehouse, office and storage facilities, W.C. And parking.

Gia: 270 sqm (2,906 sqft)
nia including mezzanine approximately: 377.36sqm (4,062sqft).

Lease Terms

Unit let on a five year term which commenced on 1st August 2019.
Year 1: 12,000 Per Annum
Year 2: 15,000 Per Annum
Year 3-5: 18,000 Per Annum

Tenure

The property is to be sold on a long leasehold basis 125 years from September 1988. Title number TY237419.

Rateable Value

The adopted rateable value is 15,500 as of 1st April 2017.
Sourced from voa.

EPC

Available upon request.

VAT

We are advised that VAT is applicable on this transaction.

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Pattinson - Commercial, NE1 on +44 191 686 1492 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pattinson - Commercial, and do not constitute property particulars. Please contact Pattinson - Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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