Industrial Unit, Gateshead
Unit 320E, Mayoral Way, Team Valley Trading Estate, Gateshead, NE11 0RT
Industrial
1,967 Sq Ft
£180,000 Long Leasehold
For Sale
Duncan Christie
Interested in this property?
Please contact me
duncanchristie@naylors.co.uk 0191 232 7030
Find out more
About the property
The property comprises a mid-terrace industrial unit of steel portal frame construction with block work and clad elevations set under a mono pitch steel profile sheet roof with circa 10% skylights.
Internally the property has been extensively fitted out to suit the seller's business including several cellular office spaces, an entrance lobby, along with a boardroom, workshop area and storage area with access from the main roller shutter door. To the rear of the property there is also a kitchenette and male/female WCs.
The warehouse is laid with concrete flooring and the majority of the property has a suspended ceiling with recessed fluorescent tube lighting. The workshop bay also has high bay fluorescent tube lighting. Minimum eaves height in the warehouse area is 4.72m at the haunch. The property also has a roller shutter door which is manually operated and measures 3.22m wide x 3.61m high. Externally the property has a concrete loading apron with additional space for customer and staff parking.
Key features
Available now
Well established estate
Rare opportunity
Excellent location close to regional motorway network
Location
The premises are situated on Team Valley Trading Estate three miles south of Newcastle upon Tyne city centre. The Estate covers an area of approximately 705 acres with in excess of 650,300m (7,000,000 sq ft) of business space. The unit is close to Team Valley Retail Park where occupiers include M&S, Halfords, Boots and Currys.
The property has excellent access to the west and south by way of the A1 dual-carriageway.
Newcastle International Airport lies approximately 10 miles north west of Team Valley with regular daily domestic, European and International departures.
Terms
The unit is held by way of long leasehold for a term of 125 years from 25 December 1984.
Our client is seeking offers in the region of £180,000 exclusive for their long leasehold interest.
There is a current ground rent payable for the unit with the figure being £1,699.44 per annum exclusive.
