Leisure/hospitality to let in Gateshead, Valley House, Team Valley NE11

Situation
The subject property is situated on Kingsway within the heart of the popular Team Valley Trading Estate in Gateshead. Kingsway is the primary route through the Team Valley, which also provides access to the A1 Western Bypass. Valley House is a two-storey property set within its own grounds benefitting from good car parking facilities and a relatively modern fit out throughout.

Accommodation
Arranged over ground and first floor, within a multi occupied building, with shared communal areas and WC facilities, however the ground floor suite has its own welfare facilities.

Ground Floor Area
141m2
1,513ft2

First Floor Offices
124m2
1,334ft2

First Floor Kitchen
36m2
386ft2

Total Floor Area
301m2
3,233ft2

lease
The premises are held by way of a Fri lease for a term expiring 2nd October 2027 at a passing rental of £25,675 per annum exclusive. Please note there is a break option 3rd October 2025.

Terms
Incentives are available to an ingoing occupier subject to status and negotiations.

EPC
Further details to follow, inspection arranged with EPC Surveyor.

Business rates

Rateable Value
£26,250

2024/2025 ubr
£0.499

Estimated Rates Payable
£13,099

Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

Costs
Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.

Viewing
For enquiries, viewing, and general information, please contact:
Pete Townsend
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