Property

Under Offer
Industrial

L2, INTERSECT 19, TYNE TUNNEL TRADING ESTATE, NORTH SHIELDS, NE29 7UT

Modern detached manufacturing / warehouse space constructed in 2007

Strategic business park location close to A19 (Tyne Tunnel approach) & A1058 (Coast Road)

High quality offices, canteen, lobby/reception and board room

Dedicated car parking & secure serviced yard via two electric sectional doors (5m x 5m)

Total Size: 2,123.5 sq m (22,858 sq ft)

Asking Rent: £125,000 per annum (£5.47 psf)

LOCATION

Intersect 19 is situated on Tyne Tunnel Estate, a well-established and strategically located business park adjacent to the A19 Tyne Tunnel approach and the A1058 Coast Road providing immediate access to the region’s main road network to the north, south, east and west.

Newcastle City Centre is located less than 7 miles to the west via the A1058 with Sunderland City Centre 12 miles to the south via the A19.

Newcastle International Airport offers regular flights to destinations across the UK, Europe and Dubai as well as air freight facilities, while Ports of Tyne and Sunderland are both situated in close proximity.

The estate is accessed from the A193 less than ¼ mile from the A19. Please refer to the attached plans for further directions to the property.

Please see the adjacent map for further directions to the property.

ENERGY PERFORMANCE CERTIFICATE

The property has an Energy Performance Asset Rating of C60.

LEGAL COSTS

Each party is to be responsible for their own costs incurred in the transaction.

ACCOMMODATION

The gross internal floor area is 2,123.5 sq m / 22,858 sq ft.

RATING ASSESSMENT

The rating assessment currently appearing on the 2017 Valuation List is as follows: –

Factory & Premises:  £87,000

Estimate rates payable for the financial year 2020/2021 £44,544.

ANTI-MONEY LAUNDERING REGULATIONS

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 / purchaser.

VAT

All figures quoted are exclusive of VAT where chargeable.

TERMS

The property is available by way of a new FRI lease for a term of years to be agreed at a rent of £125,000 pax.

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