Guide price
£1,700,000
(£188.89/sq. ft)
Land for sale3 Dinsdale Place, Sandyford, Newcastle Upon Tyne NE2
9,000 sq. ft
About this property
Residential Development Opportunity
Income Producing
Subject to Planning
Location
The property occupies a prominent and highly accessible position on Dinsdale Place, within the well-established and popular Sandyford area of Newcastle upon Tyne, approximately one mile east of the city centre.
Sandyford is an established commercial and residential location, benefiting from its close proximity to Newcastle city centre and excellent connectivity to the wider regional road network. The property provides convenient access to the A167(M) Central Motorway, with the A1(M) and surrounding strategic road network readily accessible.
The location is also well served by public transport, with nearby Metro stations and frequent bus services providing excellent connections throughout Newcastle and the wider Tyneside area. A comprehensive range of local amenities, shops, cafés, restaurants and other services are also within easy reach.
Description
The property comprises a substantial and highly versatile commercial building extending to approximately 835 sq. M. (8,988 sq. Ft.), offering an excellent combination of warehouse, workshop and office accommodation.
The principal accommodation provides a generous open-plan space with strong frontage, excellent natural lighting and good levels of accessibility, whilst the rear incorporates a practical workshop area together with ancillary office accommodation.
The scale, configuration and accessibility of the property provide significant flexibility for a wide range of potential occupiers. Subject to the necessary planning consents, the premises could lend themselves to a variety of uses including warehouse and distribution, trade counter, showroom, retail, wholesale, storage, industrial, workshop, creative studio, fitness and gym, leisure, recreation, indoor sports, training and educational uses, and a range of other commercial or leisure-based occupier requirements.
The property's generous floor area and open accommodation also provide scope for occupiers looking to create a bespoke layout to suit their individual operational requirements. The prominent frontage offers excellent visibility, whilst the on-site parking provides valuable convenience for customers, visitors and staff.
The property therefore represents a rare and highly flexible opportunity for an occupier seeking substantial commercial premises with the potential to accommodate a broad range of business, leisure, trade and operational uses, all within close proximity to Newcastle city centre.
Any proposed change of use, including any conversion or adaptation of the premises for leisure, retail, fitness, recreation or other alternative uses, will be the sole responsibility of the incoming tenant. This will include obtaining all necessary planning permissions, licences, statutory consents and approvals, together with responsibility for all associated professional fees, application costs and works.
Tenure
The property is available by way of a new Full Repairing and Insuring (Fri) lease for a term of years to be agreed, at a rental of £100,000 per annum.
Any change of use or alteration to the existing permitted use will be subject to the necessary planning and other statutory consents. Responsibility for obtaining such consents, and all associated costs, will rest entirely with the incoming tenant.
EPC
The property has an EPC rating of D (65).
Rateable Value
The Valuation Office Agency describes the property as ‘Warehouse & Premises’.
Rateable Value (2023 List): £54,500
Legal Costs
Each party will be responsible for their own legal costs incurred in connection with the transaction.
The property occupies a prominent and highly accessible position on Dinsdale Place, within the well-established and popular Sandyford area of Newcastle upon Tyne, approximately one mile east of the city centre.
Sandyford is an established commercial and residential location, benefiting from its close proximity to Newcastle city centre and excellent connectivity to the wider regional road network. The property provides convenient access to the A167(M) Central Motorway, with the A1(M) and surrounding strategic road network readily accessible.
The location is also well served by public transport, with nearby Metro stations and frequent bus services providing excellent connections throughout Newcastle and the wider Tyneside area. A comprehensive range of local amenities, shops, cafés, restaurants and other services are also within easy reach.
Description
The property comprises a substantial and highly versatile commercial building extending to approximately 835 sq. M. (8,988 sq. Ft.), offering an excellent combination of warehouse, workshop and office accommodation.
The principal accommodation provides a generous open-plan space with strong frontage, excellent natural lighting and good levels of accessibility, whilst the rear incorporates a practical workshop area together with ancillary office accommodation.
The scale, configuration and accessibility of the property provide significant flexibility for a wide range of potential occupiers. Subject to the necessary planning consents, the premises could lend themselves to a variety of uses including warehouse and distribution, trade counter, showroom, retail, wholesale, storage, industrial, workshop, creative studio, fitness and gym, leisure, recreation, indoor sports, training and educational uses, and a range of other commercial or leisure-based occupier requirements.
The property's generous floor area and open accommodation also provide scope for occupiers looking to create a bespoke layout to suit their individual operational requirements. The prominent frontage offers excellent visibility, whilst the on-site parking provides valuable convenience for customers, visitors and staff.
The property therefore represents a rare and highly flexible opportunity for an occupier seeking substantial commercial premises with the potential to accommodate a broad range of business, leisure, trade and operational uses, all within close proximity to Newcastle city centre.
Any proposed change of use, including any conversion or adaptation of the premises for leisure, retail, fitness, recreation or other alternative uses, will be the sole responsibility of the incoming tenant. This will include obtaining all necessary planning permissions, licences, statutory consents and approvals, together with responsibility for all associated professional fees, application costs and works.
Tenure
The property is available by way of a new Full Repairing and Insuring (Fri) lease for a term of years to be agreed, at a rental of £100,000 per annum.
Any change of use or alteration to the existing permitted use will be subject to the necessary planning and other statutory consents. Responsibility for obtaining such consents, and all associated costs, will rest entirely with the incoming tenant.
EPC
The property has an EPC rating of D (65).
Rateable Value
The Valuation Office Agency describes the property as ‘Warehouse & Premises’.
Rateable Value (2023 List): £54,500
Legal Costs
Each party will be responsible for their own legal costs incurred in connection with the transaction.
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Monthly repayment
£8,504 per month
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