* Calls to this number will be recorded for quality, compliance and training purposes.
The property is located to the rear of Forge Road, Dunston, which is circa 250m from A1 (M), providing excellent communication links both North and South throughout the region. Newcastle upon Tyne is circa 2 miles north and Gateshead is circa 1.5 miles to the north east. The surrounding area is a combination of both residential and light commercial, including car showroom / sales and trade counter. The subject site fronts onto the busy A184 link road, offering good passing traffic and visibility. The exact location is shown on the attached plan.
Formerly operated as an indoor go-carting centre (FK1) for many years, the existing tenants undertook an extensive refurbishment to open up the existing facility, approximately a year ago. The subject property is constructed of a steel portal frame design with brickwork infill walls and asbestos cement sheet over, incorporating roof lights. Internally the property is open plan and has undergone an extensive fitout to provide a modern trampoline and soft play operation, including additional office and amenity facilities. (full details on the fit out can be provided). Externally the site benefits from a large secure car park outside the main entrance, with a smaller secure service yard to the rear. The surrounding site is secure with fencing and soft landscaping.
From onsite measurements, it is understood that the unit has the following gia:
Trampoline Park and Facilities
total gia: 3,793.50 M2 (40,833 sq ft)
total site area: 0.91HA (2.24 acres or thereabouts)
It is understood that all main services are connected to the unit.
From the vo Website we understand that the unit has a rv assessment of £82,500.
The property is held on a long leasehold agreement (TY133975) for a term of 99 years effective from 17 October 1969, subject to 20-year rent review pattern, with the next review in 2029. The current ground rent payable is £16,000 pa. Verbal discussions with Gateshead Council have indicated that the long leasehold agreement can be extend to 99 years subject to payment.
The premises are let in their entirety to Jump Giants Newcastle Limited (Company No: 10684734) on a 15-year Fri lease effective from 1 August 2016, expiring 31 July 2031 at a passing rent of £100,000 pa, subject to upward only reviews in 1.8.2021 / 2025 & 2028.
Long Leasehold offers are sought in excess of £825,000 (subject to contract).
Energy performance certificate
C-72. (Full details upon request)
The purchaser will be responsible for any legal / professional fees together with any VAT thereon incurred in the preparation of the disposal.
All figures are quoted exclusive of VAT.
Strictly by prior arrangement only – further information available from Frew Pain & Partners:
James E F Pain Tel: Email:
Or joint Agents
Fergus Laird (Naylors Gavin Black) Email: Tel: July 2021
For more information about this property, please contact Frew Pain & Partners, NE1 on +44 191 686 9887 * (local rate)
Contact Frew Pain & Partners about this property
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