Location
Team Valley comprises in excess of 700 acres of commercial buildings, providing accommodation for over 600 businesses and is probably the busiest commercial location in the region. It is connected directly to the A1 Western By-pass linking London and the South with Scotland and the north. It is 5 minutes drive from Newcastle City Centre and the MetroCentre at Gateshead, and is approximately 15 minutes drive from Newcastle International Airport.
The property is situated on Kingsway South which forms part of the main thoroughfare through Team Valley and is occupied by the most prominent buildings. The building is shared with Barclays Bank Plc who occupy part of the ground floor and the first floor of the building. |
Description
The available space comprises a ground floor of this two storey building and is a mixture of open plan and cellular office space. The suite is accessed via a shared entrance and lobby area which contain communal WC facilities. Other benefits include: - Good natural light
- Kitchen facilities
- 17 dedicated car parking spaces
- Gas fired central heating
- Recessed fluorescent strip lighting
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| Accommodation |
Ground Floor
|
403.6 Sq M |
4,344 Sq Ft
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| TOTAL |
403.6 Sq M |
4,344 Sq Ft |
Note: The above areas have been calculated on an approximate gross internal basis and must be verified by the interested parties.
Terms
The property is available by way of either an assignment or sub lease of our client’s existing lease which is due to expire in September 2008 |
Rent
The current passing rent is £40,000 per annum exclusive. |
Rating
We are verbally informed by the Local Authority that the rateable value for the ground floor is £38,750, the UBR for 2007/2008 being 0.44p. |
VAT
All figures quoted are exclusive of Value Added Tax, which will be charged at the prevailing rate. |
Viewing
Strictly by appointment through joint agents. |
These maps are for identification purposes only and should not be relied upon for accuracy. Reproduced by permission of Geographers A-Z Map Co. Ltd. Licence No. A0203. This product includes mapping data licensed from Ordnance Survey - © Crown Copyright 2001. Licence No. 100017302 and © Crown Copyright, All rights reserved. Licence No. ES 100004619.
Rapleys LLP is registered as a Limited Liability Partnership in England and Wales. Registration No: OC308311. Registered Office at Falcon Road, Hinchingbrooke Business Park, HUNTINGDON PE29 6FG. A full list of Members is available on our website or at any of our offices during normal business hours.
Disclaimer: Rapleys LLP (and their Joint Agents where applicable) for themselves and for the Vendors or Lessors of the property whose agents they are given notice that; I) these particulars are given without responsibility of Rapleys LLP or the Vendors or Lessors as a general outline only, for the guidance of prospective purchasers or tenants and do not constitute the whole or any given part of an offer or contract; ii) Rapleys LLP cannot guarantee the accuracy of any description, dimensions, references to condition, necessary permissions for the use and occupation and other details contained herein and any prospective purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the accuracy of each of them; iii) no employee of Rapleys LLP (and their Joint Agents where applicable) has any authority to make or give any representation or warranty to enter into any contract whatsoever in relation to the property; iv) VAT may be payable on the purchase price and/or rent, all figures are quoted exclusive of VAT, intending purchasers or lessors must satisfy themselves as to the applicable VAT position, if necessary by taking appropriate professional advice; v) Rapleys LLP will not be liable, in negligence or otherwise, for any loss arising from the use of these particulars; vi) services, fixtures and fittings have not been tested and no warranty can be given as to their condition.
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