Property
Units 11 & 12 Team Valley Shopping Village, Team Valley, Gateshead, NE11 0EN
The property comprises a two storey former bank premises. The ground floor provides versatile open plan space along with a strong room as well as male and female WC facilities.
To the first floor there is open plan kitchen/office/break out space. Externally the property benefits from free customer parking. The property benefits from Use Class E and therefore could be suitable for a variety of uses.
LOCATION
The property is located on the Team Valley Trading Estate, the North East’s premier office, retail and industrial estate.
The property is situated on Team Valley Shopping Village, a busy parade of shops centrally located, off the east of Kingsway which is the main thoroughfare, north to south, on the Team Valley estate.
ACCOMMODATION
The property includes the following gross internal areas:
| Floor | M² | Ft² |
| Ground | 123.30 | 1,327 |
| First | 51.00 | 549 |
| Total | 174.30 | 1,876 |
TERMS
The property is offered by way of a new effectively fully repairing and insuring lease for a term of years to be agreed at a rent of £28,000 per annum.
RATING ASSESSMENT
The rating assessment currently appearing on the Valuation List is as follows:
Bank & premises – £21,500
The Small Business Rate for the year 2023/2024 is 49.9 pence in the pound.
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 D93.
VAT
All figures are exclusive of VAT where chargeable.
