Cobalt 3.1, Silver Fox Way, West Allotment, North Tyneside, NE27 0QJ

On Behalf of the Administrators: Purpose Built Office building/Business centre approximately 41,901 sq. ft (3,893 sq. m) with a gross income approximately £323,000 per annum

Description
The property comprises a 3,892.75 sq m (41,901 sq ft) 3 storey office building, constructed circa 25 years ago.

The layout is a central reception and then East and West wings off the central core. On the ground floor there is an open plan reception area with a small office off, together with two passenger lifts to the upper floors.

There is a mixture of serviced offices and open plan space.

Externally the property includes a large car park to the front and side, with 122 marked spaces on a site of circa 0.19 hectares (0.46 acres). The car spaces are not within the demise but are specified rights to use specific spaces.

Location
The property occupies a prime position on Cobalt Business Park, just 10 minutes east of Newcastle City Centre. Positioned at the junction of the A19 and A1058 Coast Road, It offers unrivalled access to major road networks, including the A1 (5-minute drive).

The park is well-served by public transport, with 458 daily bus services and shuttle buses every 1015 minutes connecting to Northumberland Park and Percy Main Metro stations (310 minute rides). This ensures seamless commuting for staff and clients across the Northeast, with Newcastle's vibrant city centre just a short drive or Metro ride away.

On the park is a Tesco Express and a Busy Bees Day nursery, while the nearby Silverlink Retail Park (5-minute drive) offers an Odeon cinema, M&S, and dining options. There is also a Village Hotel and a Travel Lodge.

Accommodation
Ground Floor: 14,009 sq. ft (1,301.47 sq. m)
First Floor: 13,976 sq. ft (1,295 .63 sq. m)
Second Floor: 13,976 sq. ft (1,295 .63 sq. m)

TOTAL: 41,901 sq. ft (3,892 .75 sq. m)

Tenure
Long leasehold for a term expiring on 20th March 2121 (Title TY440152).

Tenancies
From the combined Serviced Offices Operation and traditional lettings in place the total income is equivalent to £323,000 per annum. For an up to date position please refer to the tenancy schedule which can be downloaded from the link in the PDF brochure.

EPC
Energy Asset Rating is B