News

Office Investment Acquisition on Team Valley

Johnson Tucker are very pleased to confirm the acquisition of their latest Office Investment that took place in July 2018.

Team Valley Trading Estate is situated approximately 3 miles south west of Newcastle city centre. It provides one of the biggest mixed use trading estates in Europe covering approximately 705 acres and comprising in excess of 7,000,000 sq ft of business space. Team Valley is recognised as one of Tyneside’s most strategic office locations on one of the country’s largest business parks which is home to over 700 businesses employing over 20,000 people.

The property is situated within a complex of two storey office accommodation constructed in around the early 1990’s with ample car parking in the centre. All buildings in the vicinity are entirely occupied and neighbours include; Changing Lives, Fostering Solutions, Kinetic, Transcend, McManus Hall, SSE Energy Solutions, In2, Laverick Watson & Co, among others.

The property is entirely let by Ixion Holdings Limited on a new 5 year lease at a rent of £25,000 per annum and was acquired by Investment Agent and Partner at Johnson Tuclker LLP; Daniel Capobasso in an off-market transaction for an overseas investor.

If you have similar requirements or have a similar property investment that you would like to sell, please contact Daniel on 0191 269 7897 or email danielc@johnsontucker.co.uk