Property
GROUND FLOOR, CRAGSIDE HOUSE, HEATON ROAD, NEWCASTLE UPON TYNE, NE6 1SE
The property comprises a purpose built office building. The ground floor provides a combination of open plan and individual offices/meeting rooms which are partially air conditioned and built out. There is also a kitchen/staff area and the property provides 10 car parking spaces.
This property could be used as a multitude of different uses such as a gym, nursery and retail.
LOCATION
The property is situated within the suburb of Heaton, which is located 2 miles east of the city centre in a densely populated area. To the north of the property lies mainly residential properties and to the south, there is a mainly commercial area leading to Shields Road, which is a strong regional shopping centre.
The area is served by the Tyneside Metro system with Byker station lying approximately 250m to the south. The property is situated on the east side of Heaton Road, which connects Stephenson Road (A1058) with Shields Road Bypass (A193), both of which are major routes to the city centre and the Tyne Tunnel 5 miles to the east.
ACCOMMODATION
The property includes the following net internal areas:
| Ground floor | 376 sq m | 4,046 sq ft |
TERMS
The property is available to rent at £35,000 per annum on full repairing and insuring terms.
All other lease terms are to be agreed by negotiation.
RATING ASSESSMENT
The rating assessment currently appearing on the Valuation List is as follows:
| Office and Premises | £27,250 |
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”.
VAT
All figures are exclusive of VAT.
