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Office for sale

C1 Kingfisher House, Kingsway, Team Valley Trading Estate, Gateshead, NE11

Guide Price* £55,000
143 sq. m.

Property Description

Commercial information

  • 1,547 sq ft (143 sq m)

Key features

  • Long Leasehold
  • Team Valley Trading Estate
  • Designated Car Parking
  • EPC Rating C75
  • Office Space

Full description

COMMERCIAL UNCONDITIONAL AUCTION

The property comprises a ground floor open plane office suite complete with WC and Kitchenette facilities. The accommodation benefits from a high quality finish with suspended ceilings, perimeter trunking, intruder alarm system and gas central heating. The property also benefits from designated private and visitor car parking spaces.

LOCATION:
The property is located within Team Valley Trading Estate situated adjacent to the A1, just south of Gateshead and approximately two mile south of Newcastle City Centre. The Estate is a commercial centre for the area and home to a number of major national occupiers. The Estate has excellent transport links offering access to bus routes and excellent road links north and south bound via the A1.

ACCOMMODATION:
The property comprises:

Ground floor offices: Approximately 143.80 sq m (1,547.86 sq ft)

RATEABLE VALUE:
We have been advised that the premises has been allocated an adopted rateable value of 13,000 effective from the 1st April 2010.

However, interested parties should confirm the current position with the Local Authority.

As a new occupier rights of appeal may exist against this assessment.

TENURE:
We have been advised the premises is available by long leasehold with an unexpired term of 99 years.

VAT:
We have been advised VAT is payable on this transaction. All purchase prices quoted herein are exclusive of VAT. All offers are to be made to Pattinson and Bradley Hall upon this basis and will be deemed net of VAT.

PARTNER AGENT:
Timothy D Aisbitt at Bradley Hall

t: 0191 232 8080

AUCTION CONDITIONS:
The subject property/site is offered on unconditional sale terms. This means that the successful bidder will be required to exchange contracts on the day together with the submission of a 10% deposit subject to a minimum of £3600. Completion will thereafter take place no more than 28 days later. Interested parties should ensure they have satisfied themselves of all queries prior to auction as all acceptable bids are legally binding. As well as the 10% deposit any successful bidder would have to pay (650.00 pounds plus VAT) admin charge on any auction purchase. Bidders should be aware that additional costs may be due within the special conditions of sale, if provided by the sellers solicitor. You should check this before bidding.


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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinson Estate Agents, Commercial on 0191 4251507.


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