Land to let in Kings Court, Kingsway South, Gateshead, Tyne And Wear NE11
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- Opportunity to acquire a multi-let office on Team Valley.
- The Property is situated in a prominent position on the main road running through Team Valley.
- The investment comprises a detached three storey office building, extending to 756 sq m (8,142 sq ft) with 35 on site parking spaces.
- Total passing rent of £78,175 pa.
- Rarely available 199 year long leasehold interest.
- Offers in excess of £850,000 (Eight Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT.
- A transaction at this level reflects a Net Initial Yield of 8.73% (£104.40 psf Capital Value), assuming usual purchaser's costs.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Naylors Gavin Black LLP, NE1 on +44 191 686 1249 * (local rate)
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Naylors Gavin Black LLP, and do not constitute property particulars. Please contact Naylors Gavin Black LLP for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.