Unit L5, Intersect 19, Tyne Tunnel Trading Estate, North Shields, NE29

Quoting Rent £381525.00

Completed in 2018 the unit benefits from the following specification:

Steel portal frame construction
Block walling at lower level with insulated steel profile cladding to eaves
Insulated steel sheet roof inc.rooflights
50 kN/m² reinforced concrete floor throughout
Access via 2 electric sectional doors from rear yard (7.38m height x 7.95m width)
Singlesectionaldoor to front elevation (5m x 5m)
2No. 20T, 1 No. 1T & 1 5T travelling cranes
3 phase power supply, gas and water
1.5 MVA dedicated power supply
LED lighting
High quality offices, canteen and WC facilities
Mezzanine storage
Energy Rating: 24 A
Secure service yard
Dedicated parking

According to the Valuation Office Agency website, the property has as Rateable Value of £173,000 with a future Rateable Value (from April 2023) of £241,000.

The estimated business rates bill from 1 April 2023 is £115,358 though we advise interested parties to make their own enquiries as to whether any rates relief applies.

The premises are held by way of an existing lease expiring 22 April 2028. The current passing rent is £381,525 per annum.

The premises are available by way of an assignment or sublease of our client's leasehold interest.

Intersect 19 is situated on Tyne Tunnel Estate, a well established and strategically located business park adjacent to the A19 Tyne Tunnel approach and the A1058 Coast Road providing immediate access to the region's main road network to the north, south, east and west.

Newcastle City Centre is located less than 7 miles to the west via the A1058 with Sunderland City Centre 12 miles to the south via the A19.

Newcastle International Airport offers regular flights to destinations across the UK, Europe and Dubai as well as air freight facilities, while Ports of Tyne and Sunderland are both situated in close proximity.

The estate is accessed from the A193 less than ¼ mile from the A19.