|Reduced on Rightmove:||25 August 2016 (105 days ago)|
- Three storey office accommodation
- May consider letting
- Size 148.22m² (1,595.44ft²)
- Secure car parking
- Awaiting EPC Rating
- Asking price of £365,000
Full descriptionSITUATIONThe prominent three storey office premises are situated to the east end of New Bridge Street, Newcastle upon Tyne. The premises are located approximately less than 0.5 miles from Newcastle City Centre and Northumbria University, and also benefit from close proximity to the A167 central motorway. New Bridge Street is also home to a number of local bus routes as well the nearby Manors Metro station.DESCRIPTIONThe subject property is a three storey end terrace office premises, prominently located within Newcastle upon Tyne. The property comprises; a traditional Georgian style sash window frontage, with lower ground, ground and first floor offices. The premises have recently undergone a major low carbon refurbishment which included the installation of two high efficiency combination condensing gas boilers, A-rated double glazing, low energy lighting and thermal insulation of external walls. The offices have been finished to a very high standard and are complete with kitchen and WC facilities. The property also benefits from 10 secure car parking spaces to the rear.The property may also be suitable for redevelopment to residential accommodation, however enquires would have to be made direct to the local planning authority.ACCOMMODATIONThe property comprises:Lower Ground Floor Offices 62.51m² (672.85ft²)Ground Floor Offices 37.07m² (399.02ft²)First Floor Offices 48.64m² (523.56ft²)Total NIA: 148.22m² (1,595.44ft²)TERMSThe property is available for sale with offers invited in excess of £300,000 (Three Hundred Thousand Pounds) for the benefit of the freehold interest. Alternatively, our client may let the property on a long lease for an initial rent of £22,000 per annum, subject to rent reviews at three year intervals.RATING ASSESSMENTDescription RV Estimated Rates PayableOffices & Premises To Be AssessedWe are advised that the rateable value of the premises is to be assessed upon occupation. At present the lower ground floor offices are to be assessed separately.LEGAL COSTSEach party is to bear their own legal costs involved in the transaction.VATAll 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.VIEWINGFor general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.
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