Office for sale in Clervaux Terrace, Jarrow NE32

Location

The site is well located being only a short distance from the A19 dual carriageway and approximately 1 mile from the Tyne Tunnel providing access to the North. The A19 which is to the East has access via a major interchange. The A19 in turn connects to the A1to the north and A1(M) to the south via the A690. The property is also just 0.5 miles from Jarrow Metro Station and 1 mile from Bede Metro Station, both linking directly with South Shields and Newcastle city centre.

Neighbouring properties include local housing estates as well as Jarrow School (business and enterprise school), Clervaux Nursery and Jarrow Cross Primary School together with associated playing fields. Jarrow Secondary School, housed within a modern campus located to the south west at Field Terrace.

Jarrow town centre, the Viking Shopping Centre and Morrisons supermarket are all within 0.3 miles of the property. Jarrow is approximately 4 miles west of South Shields, 4 miles south of North Shields and 8 miles east of Newcastle City Centre.

Description

The subject property comprises an attractive, detached, two storey traditional former police station with court, which has been entirely redeveloped in recent years to create a serviced office business centre.

The accommodation has a cellular arrangement and there are 50 furnished offices, providing a range of desk spaces from 1 desk to 16 desks suites. The centre can accommodate 204 desks in total.

The offices are fully furnished with desks, chairs, raised access floors with a carpet tile covering, plastered ad painted walls, boarded, and painted ceilings with LED lighting and there is a gas central heating system feeding hot water radiators.

The entire building has maintained many of the original period features, creating a very impressive reception, common areas and meeting rooms The common facilities, including WCs and kitchen have also been finished to very high standards, with modern ceramic tiling, pendant lighting, and granite worktops to the kitchens. There is also upgraded pendant lighting to circulation areas, carpet floor coverings and a range of decorative timber cladding and wallpapers.

Accommodation

The approximate internal floor areas for the property are as follows:

Total NIA 2,139m² 23,023ft²
Total NIA 2,706m² 29,127ft²

Grounds floor 1,822m² 19,610ft²
First floor 749m² 8,064ft²
Annexe 135m² 1,453ft²

There is scope to expand the current floor plate which has been planned.

Scaled floor plans of the building are available on request.

EPC rating

D78 (works have been planned to transition hvac to solar, batteries and heat pumps)

Terms

The property has a guide price of £2,550,000 (Two Million Five Hundred and Fifty Thousand Pounds).

A sale at this price equates to a Net Initial Yield of approximately 11% against the net income, assuming purchaser’s costs at 6.42%.

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.

Anti-money laundering regulations

In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.

Viewing

For general enquiries and viewing arrangements please contact Bradley Hall.

Tel: Email: