The subject property is located within Bankside, The Watermark in Gateshead. The Watermark is a popular office park location with surrounding occupiers including whp, Stokoe Rodger, Barratt Homes, Eclipse Networks, Hansteen and JumpArena Trampoline Park.
The Watermark is situated between the River Tyne and A1114, which provides direct access to A1(M) to the west and A184 and Gateshead town centre to the east. The Watermark is adjacent to intu Metrocentre, 0.4 miles from Metrocentre Train Station and 1 mile from A1(M).
The subject property comprises an end terrace office premises which provides office accommodation over ground and first floors with kitchen, WC and shower facilities.
The premises benefits from a good quality finish internally with double glazed windows, raised access flooring, suspended ceilings with a mixture of recessed LED lighting and suspended LED strip lighting, gas central heating and wall mounted air conditioning unit.
Externally, the property benefits from 8 car parking space, including an electric charging point.
Ground floor 107.7m² 1,159ft²
First floor 112.3m² 1,209ft²
Total 220.0m² 2,368ft²
Description rv Estimated Rates Payable
Office and Premises £21,750 £10,679.25
We are advised that the rateable value of the premises as at 1 April 2017 is £21,750 and we have estimated the actual rates payable for the current year above. This is based on the standard Small Business Rate of 48p in the pound. However, interested parties should confirm the current position with the Local Authority.
Awaiting EPC Rating
The freehold of the property is available with a guide price of £350,000 (Three Hundred and Fifty Thousand Pounds).
The property may be available by way of a new lease with terms to be agreed at £27,500 (Twenty Seven Thousand Five Hundred Pounds) per annum.
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.
Each party is to bear their own legal costs involved in the transaction.
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.