Description:

The property comprises an end terraced light industrial unit of steel portal framed construction having fair face brickwork walls with profiled metal cladding above and also to the roof. The property was latterly occupied for food use and as such is fully fitted out with refrigeration/freezer units. The unit would be suitable for storage, production or trade counter subject to necessary consents.

Location:

The property is situated on the North side of Tundry Way which runs off the A695 Chainbridge Road in the Blaydon Haughs area of Gateshead. The immediate area known as Chainbridge Road Industrial Estate comprises a mixture of factory shops and trade counter operations together with more traditional light industrial uses. The estate is situated on the South Bank of the River Tyne just off the Scottswood Bridge approximately 1 mile North West of the Metro Centre and 2 miles West of Newcastle City Centre. Also in close proximity is the A1M Western Bypass.

Accommodation:

Ground Floor
Gross Internal Area 3107ft2 (288.64m2)

Freehold Price:

Offers in the region of £175,000 (one hundred and seventy five thousand pounds) for Freehold interest.

Leasehold:

A new Lease is available at a commencing annual rental of £15,000

Rateable Value:

Following an enquiry on the Valuation Office website we have ascertained that the Rateable Value is £17,250. However this figure cannot be relied upon and if necessary a written request should be made to the Local Authority for confirmation. The Uniform Business Rate for the Rates Year 2010/2011 is 41.4p.

As a new occupier rights of appeal may exist against the assessment shown above. For further information please contact our Rating Department.

Value Added Tax:

Figures quoted exclude VAT where chargeable.

Lease Terms:

Term of years to be agreed (minimum 3 years) on an effective FRI basis

Legal Costs:

On a Freehold basis each party will be responsible for their own Legal Fees incurred in the transaction.

On a Leasehold basis the Tenant will be responsible for the landlord’s Legal Fees incurred in the preparation, settling and completion of the Lease plus any VAT and Stamp Duty.

Viewing:

Strictly by appointment with this office.

Reviews:

3 yearly Rent Reviews.