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K Units, The Avenues, K Units, Team Valley Trading Estate, Gateshead

Guide price

£450,000

Auction

Size

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Tenure

Leasehold

EPC

Parking

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Primary use
Other

No floor / site plan

Key features

  • Substantial Office Block Comprising 4 Units
  • Comprises approximately 1,005.95 sq m (10,828 sq ft)
  • Ongoing asset management opportunities
  • Opportunity to increase rent roll with letting of two vacant units
  • ERV believed to be in the region of £78,000 pa once fully let
  • Reflects approximately 17.33% GIY on suggested reversionary ERV
  • Investment let at £54,940 pa (12.21% on Guide Price) + two vacant units

Description

The property comprises a substantial two storey building arranged as a parade of offices over ground and first floors. The property includes parking for approximately 40 cars. The title includes units F19 and F20 which are sold on a further long lease.

The property is situated in a predominantly office/industrial location on The Avenues. Nearby occupiers include Screwfix, Magnet Kitchens, Sainsbury's and DHL.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Leasehold: Ask agent
Tenure
Leasehold
Length of lease
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Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating

Unclassified

Environmental description
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Read more about energy considerations for commercial property

Brochure

K Units, The Avenues, K Units, Team Valley Trading Estate, Gateshead

NEAREST STATIONS

National Rail

Dunston Station

2.1 miles

London Tram

Gateshead Stadium Tram Stop

2.34 miles

London Tram

Felling Metro Station

2.4 miles

About Savills National , Savills Auctions- Commercial

Savills National , Savills Auctions- Commercial

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Disclaimer - Property reference 165EE542-6944-4343-A596-680A1C2971D6. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills National , Savills Auctions- Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.