Unit 11/12 Team Valley Shopping Village, Team Valley, Gateshead, Tyne and Wear, NE11

The property comprises a two storey former bank premises. The ground floor provides versatile open plan space along with a strong room as well as male and female WC facilities.


DESCRIPTION
The property comprises a two storey former bank premises. The ground floor provides versatile open plan space along with a strong room as well as male and female WC facilities.
To the first floor there is open plan kitchen/office/break out space. Externally the property benefits from free customer parking. The property benefits from Use Class E and therefore could be suitable for a variety of uses.

ACCOMMODATION
The property includes the following gross internal areas:

Ground 123.30 sq m / 1,327 sq ft
First 51.00 sq m / 549 sq ft
Total 174.30 sq , / 1,876 sq ft

TERMS
The property is offered by way of a new effectively fully repairing and insuring lease for a term of years to be agreed at a rent of £28,000 per annum.

RATING ASSESSMENT
The rating assessment currently appearing on the Valuation List is as follows:

Bank & Premises - £21,500

The Small Business Rate for the year 2025/2026 is 49.9 pence in the pound.

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 tenant.

LEGAL COSTS
Each party to bear their own legal costs incurred in the transaction.

ENERGY PERFORMANCE
The property has an Energy Performance Certificate rating of B(40)..

VAT
All figures are exclusive of VAT where chargeable.

VIEWINGS
Viewings are strictly by prior appointment with GFW.

MPORTANT NOTICE
Every care has been taken with the preparation of these particulars, but they are for general guidance only and complete accuracy cannot be guaranteed. If there is any point, which is of particular importance  professional verification should be sought.  All dimensions/boundaries are approximate. The mention of fixtures, fittings &/or appliances does not imply they are in full efficient working order. Photographs are provided for general information and you may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website. These particulars do not constitute a contract or part of a contract.

The property is located on the Team Valley Trading Estate, the North East’s premier office, retail and industrial estate.
The property is situated on Team Valley Shopping Village, a busy parade of shops centrally located, off the east of Kingsway which is the main thoroughfare, north to south, on the Team Valley estate.