Office for sale in Nelson Street, Gateshead NE8
£270,000 (£51.31/sq. ft)
Interested in this property?
Call +44 191 686 9796 *
* Calls to this number will be recorded for quality, compliance and training purposes.
The subject property is located on the corner of Nelson Street and West Street in Gateshead town centre. Nelson Street links directly with A184 which is a main road through Gateshead, providing access to the A1(M) to the west and the A19 via Heworth.
The property is situated within a popular business and retail location, within very close proximity to Trinity Square and High Street.
The property is situated 0.1 miles from Gateshead Metro Station and bus interchange. There are a number of car parks within close proximity including Swinburne Street Car Park and Town Hall Car Park.
The Old Dispensary comprises a detached building which was originally constructed in 1832. The property is of brick construction and is arranged over three floors.
Internally, the property has been converted as office space with a quality finish, benefitting from suspended ceilings in part. There is an impressive entrance with a security system as well as secure adjoining private car park for up to 5 vehicles.
Total 489m² 5,262ft²
Description rv Estimated Rates Payable
Office and Premises £19,250 £9,451.75
We are advised that the rateable value of the premises as at 1 April 2017 is £19,250 and we have estimated the actual rates payable for the current year above. This is based on the standard Small Business Rate of 49.1p in the pound. However, interested parties should confirm the current position with the Local Authority.
The property is available by way of a new lease with terms to be agreed at £22,500 (Twenty Two Thousand Five Hundred Pounds) per annum.
The long leasehold is also available with a guide price of £270,000 (Two Hundred and Seventy Thousand Pounds). The long leasehold details are available on request.
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.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bradley Hall, and do not constitute property particulars. Please contact Bradley Hall 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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