401 Princesway, Team Valley Trading Estate, Gateshead, Tyne and Wear NE11 0TU

The property is situated on the junction of Princesway Central and Sixth Avenue, the latter providing direct access to Kingsway, the main arterial dual carriageway running the length of Team Valley and providing access at both ends to the A1.

The property boasts a number of well-established surrounding occupiers including Mercado, DHL, Valeo, Express Engineering, and Yodel.

Unit 401 is a detached warehouse unit benefitting from the following specification:

- Insulated steel sheet elevations and roof
- Modern warehouse extension
- Clear Internal Height of 5.25 m
- Secure concrete yard
- Electrically operated sectional loading doors (w: 4.6m x h: 5.2m)
- Substantial power supply
- High spec two storey office accommodation
- Staff amenities including WCs & canteen
- Dedicated parking provision to front of property

ENERGY PERFORMANCE
Unit 401 has an energy performance asset rating of B50.

BUSINESS RATES
According to the Valuation Office Agency website the property has a Rateable Value of £257,500 (effective 1 April 2026).

TERMS
The unit is offered to let on a new lease for a term of years to be agreed at a rent of £310,000 per annum.

TENURE
The property is held long leasehold for a term of 125 years from 9th August 1991 at a peppercorn rent. As such there is circa 90 years remaining.

VAT & SDLT
VAT & SDLT will be payable on the property at the prevailing rates.

ANTI-MONEY LAUNDERING
The lessee will be required to provide company and/or identity information to satisfy the requirements of The Money Laundering and Terrorist Financing (Amendment) Regulations 2022.

Team Valley Estate is generally regarded as the premier estate in the region boasting over 700 businesses employing over 20,000 people.

It offers a wide range of amenities including hotels, restaurants and cafes as well as a retail park, shops and financial services.

Access to the region's main arterial routes is unrivalled with the estate bounded on the west by the A1. Newcastle City Centre is located circa 5 miles to the north.