Commercial property for sale in Quicksilver Way, Cobalt Business Park, Newcastle-Upon-Tyne NE27

Offers over £9,000,000 (£161.28/sq. ft)
Commercial property for sale 55,803 sq. ft*
Interested in this property? Call +44 113 482 9308 * or Request Details

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Property features

  • Cobalt is the largest office park in the UK with over 1.6m sq. Ft. Of modern office accommodation.
  • Breeam "Excellent" (2013) Grade A office building of 55,803 sq. Ft.
  • Excellent car parking ratio of 1:240 sq.ft.
  • Let to Accenture (UK) Ltd. On leases expiring 20th December 2025.
  • Minimum annual rental of £920,748 pa (£16.50 psf) from 21st December 2020.
  • Long leasehold for 125 years from 29thŠMarch 1996 at a peppercorn rent.
  • Offers in excess of £9,000,000.
  • Net initial yield of 9.59% and low capital value of £161 psf.

Property description

Cobalt is the largest office park in the UK with over 1.6m sq. Ft. Of modern office accommodation.

Breeam "Excellent" (2013) Grade A office building of 55,803 sq. Ft.

Excellent car parking ratio of 1:240 sq.ft.

Let to Accenture (UK) Ltd. On leases expiring 20th December 2025.

Minimum annual rental of £920,748 pa (£16.50 psf) from 21st December 2020.

Long leasehold for 125 years from 29thŠMarch 1996 at a peppercorn rent.

Offers in excess of £9,000,000.

Net initial yield of 9.59% and low capital value of £161 psf.

Property info

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

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For more information about this property, please contact
Ryden, LS1 on +44 113 482 9308 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Ryden, and do not constitute property particulars. Please contact Ryden 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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