Property
18 RIVERSIDE STUDIOS, AMETHYST ROAD, NEWCASTLE UPON TYNE, NE4 7YL
The subject property comprises an end terrace three storey property. The building is of steel frame construction under a pitched and tile roof. The front and rear elevations comprise part brickwork with extensive glazing to upper sections.
The building provides office accommodation across three floors with the specification including carpeted floors, suspended ceilings and a gas fired central heating system. There are male and female WC facilities as well as a small kitchenette and shower room.
The property has benefit of 5 car parking spaces.
LOCATION
The property is located on Newcastle Business Park approximately ¼ mile to the west of Newcastle upon Tyne city centre.
The Business Park is a popular business location owing to its proximity to the city centre and the A1 as well as there being a regular bus service providing a connection to Newcastle city centre and areas to the west.
ACCOMMODATION
The property includes the following gross internal areas:
| Name | M² | Ft² |
| Ground | 44.6 | 480 |
| First | 42.5 | 457 |
| Second | 47.7 | 513 |
| Total | 134.8 | 1,450 |
TERMS
The premises are available by way of a new full repairing and insuring lease at a rent of £18,000 per annum (exclusive). All other terms are to be agreed by negotiation.
RATING ASSESSMENT
The rating assessment currently appearing on the Valuation List is as follows:
| Rateable Value | £ |
| 2023 | 11,500 |
The Small Business Rate for the year 2023/2024 is 49.9 pence in the pound.
ANTI-MONEY LAUNDERING
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.
LEGAL COSTS
Each party to bear their own legal costs incurred in the transaction.
ENERGY PERFORMANCE
The property has an Energy Performance Certificate rating of D(84).
VAT
All figures are exclusive of VAT where chargeable.
