For sale by way of online auction: Terms and conditions apply.
We are pleased to offer to auction this substantial two storey industrial/office building, well located within the established George Stephenson Industrial estate, Newcastle upon Tyne. The property briefly comprises of a office, main workshop, and rear workshop to the ground floor along with two offices, 2 workshops and a showroom to the first floor. Currently, a portion of the property is let on a rolling basis, for a rent of 30,000 per annum, offering excellent investment potential.
The subject property is well located in George Stephenson Industrial Estate, Newcastle upon Tyne. The subject property is located close to local transport links with the closest bus stop being a short walk away as well as being close to major roads (A19 and A189). The property is 5 miles north of Newcastle upon Tyne city centre and 13 miles south of Morpeth.
nia 1,577.08sqm (16,976sqft)
We are advised that the site is partially let, and generating an annual income of 30,000. These tenants are currently holding over. Further information will be provided in the legal pack.
Long leasehold title, from and including 23 June 2011 to and including 22 June 2110. Title number TY497807.
The adopted rateable values, as of 1st April 2017, are as follows:
Ground floor: 7,100
Unit F: 9,300
Unit G: 5,600
Sourced from voa.
Available upon request (rating D).
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.
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
In order to secure the property and ensure commitment from the seller, upon agreement of sale, the successful bidder will be expected to pay a non-refundable deposit and or reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) Full terms and conditions are available on The Auctioneers website.
The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or obligation to use these recommended suppliers or services.