Office to let in River Drive, South Shields NE33

Location
Cookson House is located to the north edge of South Shields Town Centre and provides easy access on foot to the Town Centre. South Shields Metro Station is situated a few hundred metres from the development.

Description
The development comprises 20 individually accessed ground and first floor office suites which are set around an internal courtyard area that is used for parking.

Accommodation
Current availability is set out below:-
Unit Accommodation ft2 m2 EPC Rating Asking Rent
8 First Floor inc 3 parking spaces
689 64 Awaiting £5,512 pa + VAT
11 First Floor inc 2 car parking spaces 705 65.50 Awaiting £8,000 pa + VAT
12 First Floor inc 3 car parking spaces 950 88 Rating D £9,775 pa
+ VAT
13 Ground Floor inc 3 car parking spaces 900 83.5 Rating C £10,000 pa + VAT

Tenure
The suites are available on Easy in/Easy out standard tenancy agreements for a term of 3 years which include flexibility for the occupiers to terminate their agreements upon 3 months prior notice.

Costs
The tenant will be responsible for covering the cost of preparation and administration of the tenancy agreement in the sum of £350 + VAT.

Viewing
Contact – Marc Weaver or Alexa Reavley
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• VAT
The rent is subject to VAT.

Rateable Value (rv)
The Valuation Office has confirmed the Rateable Values are as follows:-

Unit Number Rateable Value
Unit 8 £5,700
Unit 11 £5,700
Unit 12 £7,200
Unit 13 £7,700

The Uniform Business Rate for the Rates Year 2024/2025 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation.

Based upon this assessment and subject to meeting certain criteria the tenant may be eligible for 100% Business Rates relief. Please contact the non-domestic rating department of the Local Authority for clarification

Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.

Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.

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