Property

Industrial Investment Leisure Offices Residential and Development Retail

8-10 Marine Gardens, Whitley Bay, Tyne & Wear, NE26 1EQ

The property comprises two buildings; No 10 is a self- contained, ground floor workshop with office space & rear yard. No 8 comprises a much larger workshop / storage facility with mezzanine and office at first floor level. There is also parking for approximately 4 cars to the front of the building

LOCATION

Whitley Bay is a seaside town and densely populated region of North Tyneside located on the North East coast, approximately 9 miles to the north east of Newcastle upon Tyne. It is easily accessed by road from the City Centre via the A1058 (Coast Road). The A1(M) and A19 are also easily accessed via the Tyne Tunnel. The Tyne & Wear Metro line runs through Whitley Bay with the closest station to the building being approximately 0.5 miles to the west. A metro journey to Newcastle city centre takes around 25 minutes to Whitley Bay.

The property is situated in close proximity to the re-developed Spanish City and Whitley bay seafront alongside a range of bars and restaurants and next to a free car park and Play House/Theatre. There is also a McCarthy & Stone Retirement Village in construction immediately opposite the subject property comprising 37 one bedroom and 27 two bedroom apartments.

ACCOMODATION

No 8

Ground Floor Storage 124.44 sq m   (1,339.47 sq ft) Mezzanine           94.8 sq m    (1,020.43 sq ft) No 10

Ground Floor                       45.43 sq m           (487.92 sq ft)

Rear yard –                             74.8 sq m            (805.15 sq ft)

Total                               264.67 sq m     (2,848.90 sq ft)

TERMS

We are instructed to seek unconditional offers in excess of

£425,000 (Four Hundred & Twenty Five Thousand Pounds)

LEGAL COSTS

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

EPC

Unit 8 – An EPC has been commissioned and will be available shortly.

Unit 10 has an energy performance certificate rating of E114.

VAT

All figures quoted are exclusive of VAT where chargeable.

RATING ASSESSMENT

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

No 8 – Vehicle Repair Workshop & Premises – £5,700 No 10 – Shop & Premises: £1,925

The Small Business rate for the year 2021/2022 is 49.9 pence in the pound.

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.

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