Regent Terrace, Gateshead, Tyne and Wear, NE8

LOCATION

The property is situated in Gateshead town centre, on Regent Terrace, opposite Gateshead Civic Centre. The nearby Trinity Square development provides 240,000 sq ft of modern retail and leisure space, including a Tesco Extra superstore, 41 retail units and a 7 screen cinema complex, together with 750 car parking spaces and student accommodation. Adjacent to the Trinity Square development is Gateshead Bus & Metro Interchange, which provides excellent public transport facilities to the surrounding area. Newcastle City centre is located approximately 1 mile to the north. There is also a pay and display surface car park directly behind the subject property.

DESCRIPTION

The subject property comprises the first and second floor offices within a two-storey Grade II Listed building of brick construction under a slate covered pitched roof. The windows are single glazed and the property benefits from gas fired central heating to radiators. The property is situated within a Conservation area. Internally the property has carpeted floors, and plastered walls and ceilings. The first floor space is organised to provide a central lobby area, around which are five main office rooms, as well as a small kitchenette and WC. The central lobby also provides access to the stairwell which leads into the converted attic. This area provides more open plan space, with sloping ceilings, and dormer windows. The attic space features a larger kitchen, as well as separate bathroom with a shower cubicle. There is off street parking to the front and rear. This property is suitable for office use.

ACCOMMODATION

The property provides the following net internal floor areas: First Floor Office 1 18.11 sq m (195 sq ft) Office 2 19.19 sq m (207 sq ft) Office 3 7.44 sq m (80 sq ft) Office 4 21.26 sq m (229 sq ft) Office 5 12.30 sq m (132 sq ft) Kitchen 3.33 sq m (36 sq ft) Total 81.63 sq m (879 sq ft) Second Floor/Attic Office 40.63 sq m (437 sq ft) Kitchen 7.28 sq m (78 sq ft) Total 47.91 sq m (516 sq ft) Total Net Internal Area 129.54 sq m (1,395 sq ft)

TENURE

The property is available to let for a term of years to be agreed. The lease will be drawn on effectively full repairing and insuring terms and there will be a service charge operating relating to the maintenance of the common parts.

RENT

£14,000 per annum exclusive of business rates and payable quarterly in advance. The property is not registered for VAT and therefore VAT will not be payable on the rent.

BUSINESS RATES

We understand the property is entered into Rating List as follows: First Floor, 12 Regent Terrace – Offices & Premises – Rateable Value £7,800 Second Floor, 12 Regent Terrace – Office & Premises – Rateable Value £3,900 Interested parties should make their own enquiries direct with the Local Authority to establish the actual rates payable. It is envisaged that most occupiers will benefit from small business rates relief if this is their only commercial property.

VIEWING

Strictly by appointment by sole agents youngsRPS. Contact Chris Pattison or Paul Fairlamb Tel:

LEGAL COSTS

Each party to bear their own legal costs.

LOCAL AUTHORITY

Gateshead MBC, Civic Centre, Regent Terrace, Gateshead, NE8 1HH (Tel: ). All figures quoted above are exclusive of VAT where chargeable. ENERGY PERFORMANCE CERTIFICATE The whole of the property has an EPC rating of D-97. A copy of the Energy Performance Certificate and Recommendation Report is available on request.