Compass House, Freehold Street, Blyth, Northumberland, NE24 2BA.

DESCRIPTION

The property compromises a unique semi- detached, three storey office building. Internally the property provides a variety of different office suites as well as meeting rooms, interview rooms and storage. There is also a staff breakout area/kitchen along with male, and female W/C facilities.

The property benefits from 4 designated car parking spaces. There is an all day public car park nearby.

ACCOMMODATION

The property includes the following net internal areas:

Ground Floor - 132.78 sq m / 1,430 sq ft

First Floor - 138.74 sq m / 1,493 sq ft

Second Floor - 177.41 sq m / 1,910 sq ft

Total - 448.93sq m / 4,832 sq ft

COVENANTS

There is a historic restrictive covenant in place not to use the property for any purpose other than an office. Further information available on request.

RATING ASSESSMENT

The rating valuable of the property appearing on the Valuation Office Agency website as of April 2023 is as follows:

Compass House - £24,000

The Small Business Rate for the year 2024/2025 is 49.9 pence in the pound

TERMS

Offers are invited in the region of £250,000 for the freehold interest in the property.

Letting price on application.

TENURE

The property is to be sold freehold with vacant possession.

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 purchaser.

LEGAL AND SURVEYING FEES

Each party to bear their own legal costs incurred in the transaction. The purchaser is responsible for their costs incurred. The purchaser is also required to pay a contribution towards the vendors reasonable legal and surveyors fees equating to 2% of the purchase price, payable on legal completion.

VAT

All figures are exclusive of VAT where chargeable.