£3,500,000
(£73.76/sq. ft)
Industrial for saleKingsway, Team Valley, Gateshead NE11
47,450 sq. ft
About this property
Location
The premises are located just off Sixth Avenue which connects Dukesway and Kingsway, one of the main thoroughfares through Team Valley Trading Estate. Team Valley is the North East Premier industrial location, approximately 3 miles to thesouth of Newcastle City Centre and 1 mile south west of Gateshead town centre. The estate benefits from direct access from two junctions off the A1 (M) motorway.
Description
The property is has undergone a significant refurbishment programme to provide a modern open
plan warehouse providing an eaves height 7.03m rising to 8.77m at the apex.
The property is of traditional steel portal frame construction with sheet profile cladding to the external and roof. The front elevation comprises a two storey brick built office block, complete with reception, canteen facilities and passenger lift to first floor. The property also benefits from a 750 kva power supply.
Externally, the unit benefits from a secure rear yard with loading access. Private car parking is available
to the front of the property while there are additional dedicated spaces available adjacent to the site.
Terms
The property is available for sale on a long leasehold basis or via a new Fri lease for a term of years to be agreed.
Rent £275,00
Sale : £3,500,000 (STC)
Rateable Value
We understand the premises have a current Rateable Value of £297,500 (2023).
EPC
The property has an EPC Rating of B29. A copy of the EPC is available on request.
VAT
All figures quoted are exclusive of VAT where chargeable.
Legal Costs
Each party to bear their own legal costs
The premises are located just off Sixth Avenue which connects Dukesway and Kingsway, one of the main thoroughfares through Team Valley Trading Estate. Team Valley is the North East Premier industrial location, approximately 3 miles to thesouth of Newcastle City Centre and 1 mile south west of Gateshead town centre. The estate benefits from direct access from two junctions off the A1 (M) motorway.
Description
The property is has undergone a significant refurbishment programme to provide a modern open
plan warehouse providing an eaves height 7.03m rising to 8.77m at the apex.
The property is of traditional steel portal frame construction with sheet profile cladding to the external and roof. The front elevation comprises a two storey brick built office block, complete with reception, canteen facilities and passenger lift to first floor. The property also benefits from a 750 kva power supply.
Externally, the unit benefits from a secure rear yard with loading access. Private car parking is available
to the front of the property while there are additional dedicated spaces available adjacent to the site.
Terms
The property is available for sale on a long leasehold basis or via a new Fri lease for a term of years to be agreed.
Rent £275,00
Sale : £3,500,000 (STC)
Rateable Value
We understand the premises have a current Rateable Value of £297,500 (2023).
EPC
The property has an EPC Rating of B29. A copy of the EPC is available on request.
VAT
All figures quoted are exclusive of VAT where chargeable.
Legal Costs
Each party to bear their own legal costs
Mortgage calculator
Monthly repayment
£17,508 per month
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