Office to let in Annitsford, Cramlington NE23

Location

The subject property is located within Apex Business Village, a popular and established business park, adjacent to Northumberland Business Park and with local and national occupiers including Northumbria Police Federation, Browell Smith & Co, Eurodrive Motor Finance and Veolia.

Apex Business Village is prominently located next to the A19 and A189 roundabout, providing access throughout the region and to the A1(M).

The property is situated 2.2 miles south of Cramlington, 8 miles north of Newcastle upon Tyne city centre and 10 miles north of Morpeth.

Description

The property comprises a two-storey, high specification office building in a landscaped setting. The property benefits from full electric heating, double glazing throughout, suspended ceilings, LED lighting, electrically operated security shutters to ground floor, intruder alarm system and fob entry system.

The ground floor comprises open plan office with a glass partition to an office suite, a kitchen, male and female WC’s. The first floor offers a main board room and 2 additional offices and a kitchen.

There is an option to let the premises fully furnished, with office chairs, desks, drawers and storage cabinets.

Externally there are 4 allocated bays and 18 visitor bays on site.

Term
The subject property is available immediately by way of sublease until November 2027, a new lease can be discussed at this point with the landlord.

Accommodation

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

Ground Floor 57.7m² 614.5ft²
First Floor 68.98m² 742.5ft²
Total 126.1m² 1,357ft²

EPC rating

C69

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. We have been advised that there is No 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.

Rating assessment

The rateable value of the premises at 1 April 2023 is £14,600 and the estimated rates payable for the current year is £7,154 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 £1,250 (One Thousand Two Hundred and Fifty Pounds) per calendar month, which is £15,000 (Fifteen Thousand Pounds) per annum.