Office to let in The Watermark, Gateshead NE11

Location

The subject property is located on The Watermark in Gateshead. The Watermark is a popular office park location with surrounding occupiers including whp, Stokoe Rodger, Barratt Homes, Eclipse Networks, Hansteen and JumpArena Trampoline Park.

The Watermark is situated between the River Tyne and A1114, which provides direct access to A1(M) to the west and A184 and Gateshead town centre to the east. The Watermark is adjacent to intu Metrocentre, 0.4 miles from Metrocentre Train Station and 1 mile from A1(M).

Description

The subject property comprises a ground floor office space, located within the Barratt House office development. The property currently is accessed via a glazed entrance, providing a manned reception, client seating area and shared WC facilities.

Internally, the unit is well presented throughout and offers an open plan floorplate, benefiting from raised access flooring, suspended ceiling and recessed LED lighting.

Externally, the property benefits from 12 dedicated car parking spaces and there may be an opportunity for external signage, subject to negotiation.

Accommodation

Total 433 m² 4,661 ft²

EPC rating

B48

Rating assessment

We understand that the rateable value will need to be reassessed.

Terms

The ground floor suite at Barratt House is available by way of a new effective Full Repairing and Insuring sublease to be agreed at a rent of £12.50 per sq ft, inclusive of service charge and building insurance.

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.

Money laundering regulations

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.