12 , Octavian Way, Team Valley Trading Estate, Gateshead , NE11 0HZ

Location

The property is located within Team Valley Trading Estate, one of the North East's busiest and most important commercial estates. Team Valley covers a total area of approximately 238 hectares and provides in excess of 650,000 sq. m of commercial accommodation.

Octavian Way is located in the south west quadrant of Team Valley Trading Estate close to Retail World and approximately 4.5 miles south of the Newcastle/Gateshead conurbation and has direct access onto the A1 trunk road linking the north and Scotland with the Midlands and south.

The property is situated on Octavian Way off Dukesway. The neighbouring occupiers are predominantly trade counter and warehouse users including Crown Decorating and NEPS Logistics. Retail World is a one-minute drive time and home to many national retailers including M&S, Currys, Halfords, B&M and Sports Direct.

Description

The property consists of a mid-terraced warehouse unit of steel portal frame construction with block work walls and profile insulated cladding from 2m high and to the roof, which incorporates translucent panels. There is a single up/over loading door to the front of the unit.

Internally, the property is utilised for storage, with a small trade counter and office located to the front of the unit. The property also benefits from a small mezzanine floor, which is used for additional storage. The unit specification includes fluorescent tube lighting and gas heating, with an eaves height to the apex of 7m.

Externally, the property benefits from seven designated parking spaces together with a loading area.

Tenure Comments

The property is held on a 125-year ground lease from 22 January 1990 at a peppercorn rent

EPC

E (111)

Legal Costs

Each party to be responsible for their own legal costs incurred in this transaction.