Office for sale in Brunswick Industrial Estate, Newcastle Upon Tyne NE13

Location

The subject property is located on the popular Brunswick Industrial Estate, half a mile west of Brunswick Village and approximately 5 miles north of Newcastle upon Tyne City Centre.

The estate is only 2 miles from A1 (M) and is the regions primary road linking Edinburgh with London. The A19, which provides access to the south of the region via the Tyne Tunnel, is also within proximity, as is the A696 which in turn leads onto the A167 which provides a direct route into Newcastle City Centre.

Brunswick Industrial Estate provides a wide selection of occupiers including warehousing, manufacturing, office and trade with local and national occupiers including M&C Roofing Contractors, Pinnacle Health & Fitness and Telex UK.

Description

The subject property comprises a detached office building which is arranged over ground and first floor. The office space is a large open plan area with cellular offices, additional board room and meeting rooms. The property is well fitted with solid flooring and carpet overlay, suspended ceilings, recessed cat II lighting and intercom entry system.

The property benefits from 20 allocated car parking spaces.

The ground floor has been let out at £13,600 per annum from August 2020. Further details can be provided on request.

Accommodation

Ground floor 120.57m² 1,312ft²
First floor 147.26m² 1,602ft²
Total 267.83m² 2,914ft²

Rating assessment

The rateable value is to be reassessed. Interested parties should confirm the current position with the Local Authority.

EPC rating

C58

Terms

The property is available for sale at £250,000 (Two Hundred and Fifty Thousand Pounds) for the benefit of the long leasehold interest. The property is held on a long leasehold interest for 125 year from 1992 at a peppercorn rent. Any purchase will be subject to ongoing tenancies, further details can be provided upon request.

The first-floor office space within the property is also available to let at £14,500 (Fourteen Thousand Five Hundred Pounds) per annum. Smaller floorplates can be offered, and these options can be discussed in further detail.

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.

Legal costs

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.