The total available opportunity currently comprises three sites. One is a detached, single story, brick residential property known as Rose Cottage. The second is the adjacent former petrol station which encompasses a cleared concrete site apart from two detached brick garages. The third is the cleared, grass, site of the former Gateshead council offices which wraps round to face High Street and Springwell Road. The site could be suitable for a variety of uses subject to the correct planning permissions.
Wrekenton is an area of Gateshead approximately 1 mile north of the A1 and Angel of The North and approximately 2.5 miles south of Gateshead town centre. Gateshead has a population of approximately 202,000 (ONS 2016 Based Projections for 2018).
The property is situated on the High Street, opposite a Lidl Supermarket and adjacent to the newly constructed Aldi Supermarket, which is positioned on the site of the former Coop. Other nearby occupiers include Farmfoods, Greggs, Betfred, Spar, Ladbrokes in addition to a number of local and independent retailers.
The total site extends to approximately 0.67 acres / 0.271 hectares.
Each party is to be responsible for their own costs incurred in the transaction.
COUNCIL TAX / RATING ASSESSMENT
Rose Cottage is in Council Tax C. There is currently no rating assessment for the commercial element of the site and it will need to be re-assessed.
All figures quoted are exclusive of VAT where chargeable.
The freehold interest in the site is available at offers in the region of £370,000
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.