Commercial property for sale in Dukesway Court, Team Valley Trading Estate, Gateshead NE11

Key Points

Description

The property comprises a semi-detached industrial warehouse of steel portal frame construction. The walls and roof are profile metal clad with the roof also incorporating translucent roof panels.

Internally the property provides warehouse accommodation with amenity space comprising of offices, staff room, mezzanine storage, kitchen and WC facilities. The warehouse accommodation is accessed via a sectional ‘up & over’ door access to a height of 4.64m, has solid concrete flooring, lighting provided by fluorescent strips and a Thermatic Air Blower heater. The minimum eaves are 5.5m. The office accommodation is heated by way of wall mounted radiators served by a gas combi boiler and there is mezzanine storage space located above the offices. In addition, there is car parking to the front of the unit.

Location

The subject property is located within the town of Gateshead, on the Team Valley Trading Estate, forming part of Tyne & Wear, which has a resident population of 115,300 (Source: 2021 Census). The town is predominately accessed via the A184, which in turn connects with the A1(M) Western Bypass to the west and the A19 to the east, providing access to both national and regional road networks.

353B Dukesway Court is situated upon the Team Valley Trading Estate, which is widely regarded and recognised as the North East’s premier industrial location. The estate provides a mixture of industrial and office accommodation, with a retail park also adjacent. The property is situated on western side of Dukesway, a key arterial route through the estate providing direct access to Team Valley Retail Park. Notable occupiers in the immediate vicinity include Rubix, nhs Ambulance Service, Yodel and Toolbank.

Terms

We are instructed to seek offers in the region of £525,000. A purchase at this level will reflect a Net Initial Yield of 7.39% after allowance of purchaser’s costs of 4.80%.

Availability_Text

The accommodation comprises the following areas: