Office to let in Waterside Drive, Gateshead NE11

Location

The subject property is located within Metro Centre East Business Park on Waterside Drive in Gateshead. Metro Centre East Business Park is a niche business park situated just 0.6 miles from Metro Centre and has occupiers including it Professional Service and dvsa Test Centre. The business park is adjacent to Metro Centre Auto World and Dunston Industrial Estate.

The business park is accessed by Wellington Road which links with Dunston Road and in turn the A1(M) which is just 0.6 miles away. Metro Centre Train station is 0.7 miles away and provides direct access into Newcastle city centre.

Description

The subject property comprises a detached office building which is arranged over ground and first floor.

There is currently a ground floor suite and a first floor suite available. The office suites comprise of a large open plan area with additional storage space and both suites benefit from WC toilet facilities. The property is well fitted with carpeted flooring throughout, suspended ceilings, recessed cat II lighting. The property also benefits from allocated parking spaces, with each suite having 7 spaces each.

Accommodation

First Floor 1a 124.77m² 1,343ft²
Ground Floor 1b 118.17m² 1,272ft²

EPC rating

C62

Rating assessment

Description rv Estimated Rates Payable
First Floor 1a £12,750 £6,362.25
Ground Floor 1b £11,750 £5,863.25

We are advised that the rateable value of the premises as at 1 April 2017 is as above and we have estimated the actual rates payable for the current year above. This is based on the standard Small Business Rate of 49.9p in the pound. However, interested parties should confirm the current position with the Local Authority.

Terms

The suites are available by way of a new lease with terms to be agreed from £12,750 (Twelve Thousand Seven Hundred and Fifty Pounds) per annum.

First Floor 1a - £13,500 per annum
Ground Floor 1b - £12,750 per annum

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

Legal costs

Each party is to bear their own legal costs involved in the transaction.

Money laundering regulations

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.