Property for sale

23 Apex Business Village

£175,000

Property Description

Key features

  • Rare office investment
  • Passing rental of 15,750 per annum
  • Situated in popular office location
  • Size 121.45m (1,308ft)
  • EPC Rating E109
  • Guide Price 175,000

Full description

SITUATION
Apex Business Village is located 6 miles north of the centre of Newcastle upon Tyne near the intersection of the A1 and A19 trunk roads. It is ideally located to access both east and west Tyneside and beyond, with easy access to Newcastle International Airport.

Surrounding occupiers include Browell Smith and Co Solicitors, Signet Planning and Launch Pad Research Ltd.

DESCRIPTION
The property comprises a two-storey, high specification office building in a landscaped setting. The property benefits from full electric heating, double glazing throughout, suspended ceilings, category II lighting electrically operated security shutters to ground floor, intruder alarm system, impressive entry atrium and allocated car parking together with additional car parking for visitors.

ACCOMMODATION
The accommodation has a total size of 121.45 m² (1,308 ft²) over ground and first floor.

INCOME
The property is currently let to B3 Architects on a 3 year FRI (Full Repairing and Insuring) lease from xxxxxxx. The passing rent is £15,750 (Fifteen Thousand Seven Hundred and Fifty Pounds) per annum and a copy of the lease is available on request.

TENURE
We understand the property is available freehold and is to be sold subject to and with the benefit of the existing leases in place.

We are seeking offers in the region of £175,000 (One Hundred and Seventy Five Thousand Pounds) for the benefit of the freehold interest. This represents a NIY of 8.77% allowing purchasers costs at 2.59%.

RATING ASSESSMENT
Description                               RV                                       Estimated Rates Payable
Offices                                 £14,250                                                   £6,840

We are advised that the rateable value of the premises as at 1 April 2010 is £14,250. However, interested parties should confirm the current position with the Local Authority. As a new occupier rights of appeal may exist against this assessment.

LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.

EPC
EPC Rating – E109

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

VIEWING
For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.


Listing History

Added on Rightmove:
21 September 2016

Nearest stations

  • Cramlington (1.8 mi)
  • Palmersville (3.1 mi)
  • Northumberland Park Metro (3.2 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Bradley Hall Chartered Surveyors & Estate Agents, Newcastle upon Tyne - Commercial

1 Hood Street Newcastle Upon Tyne NE1 6JQ

0191 687 0029 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Cramlington (1.8 mi)
  • Palmersville (3.1 mi)
  • Northumberland Park Metro (3.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bradley Hall Chartered Surveyors & Estate Agents, Newcastle upon Tyne - Commercial

1 Hood Street Newcastle Upon Tyne NE1 6JQ

0191 687 0029 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 3236. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bradley Hall Chartered Surveyors & Estate Agents, Newcastle upon Tyne - Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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