From
£340,000
Property for saleMulgrave Terrace, Gateshead NE8
About this property
A freehold modern office amounting to an approx. 11,638 sq ft. (1,081 sqm)
Low capital value of £29.21 per a sq ft
Suitable for both investors & owner occupiers
Asset management potential to let the property out in its current format
Development & change of use potential (subject to the requisite consents)
Gateshead Metro Station located an approx. 0.1 miles from the property
6 week completion available
Vacant
Auction Sale - 24/02/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
A freehold office premise amounting to an approx. 11,638 sq ft. (1,081 sqm). The property offers instant asset management potential to be let out in its current format or would be suitable for an owner occupier. There is also alternative use and development potential (subject to the requisite consents)
Vacant
Description
A freehold detached property that was most recently occupied by an owner occupier and previously used as high-end serviced office accommodation. The property is situated over 4 floors (Basement, Ground, First and Second Floor) and previously included multiple office studios including a TV studio and café at ground floor.*Please refer to notes.
The property offers instant asset management potential in its current use or alternative uses, and/or development potential (subject to the requisite consents).
The property would also be suitable for owner occupiers.
Location
The property is located on the South side of Mulgrave Terrace and close to the junction with A184.
Gateshead Metro Station location an approx. 0.1 miles from the property
Transport
Gateshead Metro Station - Tyne and Wear Metro (providing services through Newcastle)
Tenancy
Vacant
Accommodation
Please refer to the floor plan
Mortgage calculator
£1,700 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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