Offers over
£2,100,000
(£134.47/sq. ft)
Property for saleDukesway, Team Valley Trading Estate, Gateshead NE11
15,617 sq. ft
EPC Rating: E
Freehold
About this property
Prominent Location
Freehold Interest
Fri Lease to Willmott Dixon Construction Limited
Offers in the Region of £2.1M
Subject to Contract
Description
The property comprises a two storey detached office with ample car parking. Reception and core are located at the front elevation with large floorplates to the ground and first floor. The office space benefits from a mix of open plan and cellular accommodation.
The main office building is of brick construction. It is surmounted by a dual pitched timber frame roof with tile covering, supported by a steel frame. Timber framed windows are fitted throughout the office sections. An integrated, single storey industrial warehouse unit is located at the rear of the main office block.
Location
Team Valley Trading Estate is recognised as the north east's principle commercial business park and is home to over 700 businesses on an area of industrial, office and retail accommodation exceeding 6.5 million sq ft.
Bebe House lies on Dukesway which is situated to the west of the estate, close to Team Valley Retail World. The area benefits from a strong level of amenities, facilities and transport links.
Terms
Offers are invited in the region of £2.1M.
We understand the property is owned Freehold.
Tenancy
The property is let on a 10 year lease to Willmott Dixon Construction Limited at a stepped rent expiring on 28 February 2035. Rent details as below:
01/03/2025 - 28/02/2027: £143,000 per annum
01/03/2027 - 28/02/2030: £156,000 per annum
01/03/2030 - 28/02/2033: £162,140 per annum
01/03/2033 - 28/02/2035: £168,730 per annum
The property comprises a two storey detached office with ample car parking. Reception and core are located at the front elevation with large floorplates to the ground and first floor. The office space benefits from a mix of open plan and cellular accommodation.
The main office building is of brick construction. It is surmounted by a dual pitched timber frame roof with tile covering, supported by a steel frame. Timber framed windows are fitted throughout the office sections. An integrated, single storey industrial warehouse unit is located at the rear of the main office block.
Location
Team Valley Trading Estate is recognised as the north east's principle commercial business park and is home to over 700 businesses on an area of industrial, office and retail accommodation exceeding 6.5 million sq ft.
Bebe House lies on Dukesway which is situated to the west of the estate, close to Team Valley Retail World. The area benefits from a strong level of amenities, facilities and transport links.
Terms
Offers are invited in the region of £2.1M.
We understand the property is owned Freehold.
Tenancy
The property is let on a 10 year lease to Willmott Dixon Construction Limited at a stepped rent expiring on 28 February 2035. Rent details as below:
01/03/2025 - 28/02/2027: £143,000 per annum
01/03/2027 - 28/02/2030: £156,000 per annum
01/03/2030 - 28/02/2033: £162,140 per annum
01/03/2033 - 28/02/2035: £168,730 per annum
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Monthly repayment
£10,505 per month
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