Industrial for sale in Green Lane Industrial Estate, Pelaw, Gateshead NE10

Location

The subject property is loacated on Green Lane Industrial Estate, Pelaw.

The location offers excellent communication links to both the A1(M) and A19 via the A184 (Felling Bypass) a short distance away.

Green Lane Industrial Estate is an established and recognised estate offering a selection of industrial property of varying ages and businesses.

The surrounding area offers a mixture of residential, commercial, retail and leisure use.

Exact location shown on the attached plan.

Description

The property offers a self-contained mid terrace workshop with dedicated open car parking to the front.

Constructed of brickwork design with a metal roof frame, offering insulated profile cladding incorporating roof lights.

Main vehicular access to the front is via a single automatic security roller shutter door (3.0m * 3.9m), with external secondary sliding steel doors. In conjunction, there is an additional side covered access (2.4m *2.4m).

Internally, the workshop provides concrete floors (with inspection pit), strip lighting and an effective eaves height of 4.2m (Apex 6.4m).

There is a single reception area offering access via a pedestrian door with a further office and WC facilities, to the rear of the unit with mezzanine store and office.

Externally to the front there is a small concrete area for car parking.

Accommodation

From onsite measurements the premises provide the following Area (gia):

Workshop and stores
211.69 m2

Offices and reception
(Ground and First floor) 25.33 m2

total gia: 237.02 M2
(2,551 sq ft)

Services

It is understood the property benefits from all mains services with exclusion of gas.

Business rates

It is understood the from the voa Website the site and property is assessed as follows:

Rv £7,400

(All interested parties contact the Local Authority to confirm these figures.)

Tenure

The site is held on a long leasehold basis, effective from 28 May 1999, for 99 years expiring on 27 May 2098.

Full details upon request.

Premium / price

Our client is seeking long leasehold premium offers of £190,000 (one hundred and ninety thousand pounds) – Subject to Contract.

(The current owner is also interested with selling all the equipment within the garage workshop, by separate negotiation – Full details upon request.)

Energy performance certificate

C-69

Full details upon request.

VAT

VAT will be chargeable at the prevailing rate.

Money laundering

In accordance with anti-money laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

Legal costs

The Purchaser will be responsible for the Vendors reasonable legal costs in connection with any transaction.

Viewing

By prior appointment with Frew Pain & Partners, contact:

James E F Pain
Tel: Email:

July 2023