Freehold Street, Blyth, Northumberland, NE24

The property compromises a unique semi- detached, three storey office building. Internally the property provides a variety of different office suites as well as meeting rooms, interview rooms and storage

DESCRIPTION
The property compromises a unique semi- detached, three storey office building. Internally the property provides a variety of different office suites as well as meeting rooms, interview rooms and storage. There is also a staff breakout area/kitchen along with male, and female W/C facilities.

The property benefits from 4 designated car parking spaces. There is an all day public car park nearby.

ACCOMMODATION
The property includes the following net internal areas:

Ground Floor - 132.78 sq m / 1,430 sq ft
First Floor - 138.74 sq m / 1,493 sq ft
Second Floor - 177.41 sq m / 1,910 sq ft
Total - 448.93sq m / 4,832 sq ft

COVENANTS
There is a historic restrictive covenant in place not to use the property for any purpose other than an office. Further information available on request.

RATING ASSESSMENT
The rating valuable of the property appearing on the Valuation Office Agency website as of April 2023 is as follows:

Compass House - £24,000

The Small Business Rate for the year 2024/2025 is 49.9 pence in the pound

TERMS
Offers are invited in the region of £250,000 for the freehold interest in the property.
Letting price on application.

TENURE
The property is to be sold freehold with vacant possession.

ANTI-MONEY LAUNDERING
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

LEGAL AND SURVEYING FEES
Each party to bear their own legal costs incurred in the transaction. The purchaser is responsible for their costs incurred. The purchaser is also required to pay a contribution towards the vendors reasonable legal and surveyors fees equating to 2% of the purchase price, payable on legal completion.

VAT
All figures are exclusive of VAT where chargeable.

Blyth is a thriving coastal town in Northumberland, located just 10 miles north of Newcastle upon Tyne. With a population of around 37,000, Blyth serves a wider catchment area, including approximately 120,000 people in the Blyth Valley. The town is easily accessible via the A189 and A1, providing excellent transport links. Blyth is known for its rich maritime history and is currently undergoing a £90m regeneration programme funded by the Future High Street Fund, Town Deal and Levelling Up Fund.

Compass House, located on Freehold Street, offers an edge of town location just a short distance from Blyth town centre. The property benefits from access to the A189 and A1, ensuring great connectivity. Blyth’s amenities include supermarkets, cafes, and Blyth Beach.