Waterloo Street, Newcastle upon Tyne, Tyne and Wear, NE1 4AP

Location

The subject property is located on Waterloo Street in Newcastle upon Tyne. The property is situated in a popular mixed-use location in the city centre and is conveniently located just off Westgate Road (A186). There is a mix of businesses, apartments and hotels within the vicinity. The property benefits from being just 0.1 mile from local bus routes on Westgate Road, 0.2 miles from Newcastle’s Central Train and Metro Station and 0.4 miles from St. James Metro Station. Local attractions and amenities include St. James Park (0.4 miles), Chinatown (0.2 miles), Monument (0.5 miles) and Eldon Square (0.3 miles). The property is also within close proximity of local bars and restaurants.

Accommodation

We calculate the approximate net internal floor area to be as follows:
Basement: 687.65m², 7,402ft²
Ground Floor: 557.41m², 6,000ft²
Total: c1,245m², c13,402ft²

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.

Planning

(Change of use of basement from storage to office accommodation (Class B1) and alterations to elevations as amended by plans received on 1/11/18)

(Conversion of dance studio, training centre and lighting centre to provide office accommodation (Class B1) at ground floor level and storage at basement level.

Tenure

Leasehold. Title number TY566012.
Date : 26 February 2019
Term : 999 years beginning on and including 26 February 2019

Rateable Value

Any interested buyer should check the current position with the Local Authority.

EPC

Available upon request (rating E).

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.