Office for sale in Bankside, The Watermark, Gateshead NE11

Guide price £295,000 (£150.9/sq. ft)
Office for sale 1,955 sq. ft*
Interested in this property? Call +44 191 686 9796 * or Request Details

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

Property description

Location


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).


Description


The subject property comprises a mid terrace office premises which provides office accommodation over ground and first floors. The office benefits from an entrance foyer and an intercom system as well as kitchen and WC facilities to include male, female and disabled.

The office has gas central heating, perimeter trunking, suspended ceilings and strip fluorescent lighting.

The property benefits from 8 allocated car parking spaces.


Accommodation


Ground Floor 85.1m² 916ft²
First Floor 96.5m² 1,039ft²
Total 181.6m² 1,955ft²


EPC rating


C52


Rating assessment


Description rv Estimated Rates Payable
Ground Floor £8,300 £4,075.30
First Floor £10,500 £5,155.50

We are advised that the rateable value of the premises as at 1 April 2017 is as above 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.


Terms


The freehold of the property is available at £295,000 (Two Hundred and Ninety Five Thousand Pounds).

The property may be available by way of a new lease with terms to be agreed at £24,000 (Twenty Four Thousand Pounds) per annum.


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.

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

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For more information about this property, please contact
Bradley Hall, NE1 on +44 191 686 9796 * (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 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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