Office for sale in Blyth NE24

Location

The subject property is located on the corner of Quay Road and Ballast Hill, Blyth. Quay Road and Ballast Hill is situated on the periphery of Blyth town centre and alongside The Port of Blyth Harbour. The property is adjacent to Blyth Northumbria Police Office, 0.2 mile from Keel Row Shopping Centre and 0.5 mile from Blyth Community Hospital.

The subject property is 0.2 mile from Bridge Street bus stop B1328 and has road links such as the A193 0.5 mile from the subject property and the A189 which is 2.4 mile away.

Description

The subject property is at the junction of Quay Road and Ballast Hill. The subject property comprises a two storey, brick built building with a pitched and flat roof. The current use is for an office and the ground floor comprises a reception, 4 offices, kitchen and 2 WC’s. The first floor comprises 4 offices, a kitchen and 2 WC’s with a fire escape leading on to the flat roof to steel outer staircase.

The subject property benefits from having an entrance from both Quay Road and Ballast Hill along with a gated yard which has space for 2-3 cars.

Accommodation

We calculate the approximate net/gross internal floor areas to be as follows:

Ground Floor 143.66m² 1,546ft²
First Floor 90.48m² 974ft²
Total 234.14m² 2,520ft²

EPC rating

C65

Rating assessment

The rateable value of the premises as at 1 April 2023 is £16,500 and the estimated rates payable for the current year is £8,233.50. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

Terms

The property is available by way of a new lease with terms to be agreed at a rent of £18,000 (Eighteen Thousand Pounds) per annum. The Freehold is available at £175,000 (One Hundred and Seventy Thousand Pounds).

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.