Office to let in Vance Business Park, Gateshead NE11

Location

The subject properties are located in Vance Business Park in Gateshead. Vance Business Park is a collection of terraced offices with a selection of local occupiers including The Beauty Academy Newcastle, Chris Embassy and Rehills North East.

Vance Business Park is accessed by Norwood Road which links with the B1426 at Team Valley Trading Estate and in turn the A1(M) which is just 0.5 miles away. There are bus stops within 0.3 miles of the business park and Dunston train station is 0.4 miles away.

Description

The property is situated within a terrace of six office/business units of steel frame construction with brick walls to the front, side, and rear elevations. The property comprises modern office space which is arranged over ground and first floors. The property includes suspended ceilings with LED Lights fitted throughout the building along with 2 fitted kitchens on the ground floor and an increased cable BT network giving optimum broadband speed to an occupier.

Accommodation

Total 182.2m² 1,961ft²

Rating assessment

Description rv Estimated Rates Payable
2 Vance Business Park £8,300 £4,141.70
gf 3 Vance Business Park £4,300 £2,145.70
ff 3 Vance Business Park £4,650 £2,320.35

We are advised that the rateable value of the premises as at 1 April 2017 is as above and we have estimated the actual rates payable for the current year above. This is based on the standard Small Business Rate of 49.9p in the pound. However, interested parties should confirm the current position with the Local Authority.

EPC rating

Unit 2 – D98
Unit 3 – C69

Terms

The property is available by way of a new lease with terms to be agreed at £15,000 (Fifteen Thousand Pounds) per annum.

The property may be available in part with further information available on request.

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

Legal costs

Each party is to bear their own legal costs involved in the transaction.

Money laundering regulations

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.