Office to let in Amethyst Road, Newcastle Upon Tyne NE4

Location

Riverside Studios is located on Amethyst Road which is facing the banks of the River Tyne in Newcastle upon Tyne. The subject property is situated within the popular business estate of Newcastle Business Park which lies west of Newcastle city centre, 1.9 miles from the Tyne Bridge and 1.2 miles from the Redheugh Bridge. Nearby transport links include Central Station Train Station and Metro which are under 2 miles from the property and the closest bus stop under a 3 minute walk. The subject property benefits from road links such as Scotswood Road (A695) within 0.3 miles and 3.1 miles from the A1.

Description

The subject property is a three storey, mid terrace, purpose-built office providing impressive views of the River Tyne. The ground floor provides a reception area and office space with storage. The first floor comprises an office at the front of the property and one to the rear with kitchen and male and female WC’s. The second floor offers further office space and a board room with vaulted ceilings and exposed beams.

Externally there is ample free on street parking around the business park with 4 allocated bays.

Accommodation

We calculate the approximate net internal floor areas to be as follows:

Ground Floor 50.91m² 548ft²
First Floor 35.95m² 387ft²
Second Floor 46.54m² 502ft²
Total 133.5m² 1,437ft²

EPC rating

D85

Rating assessment

The rateable value of the premises as of the 1st April 2023 is £11,750 and the estimated rates payable for the current year is £5,863.25. 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 and may be entitled to small business rates relief.

Terms

The property is available by way of a new lease with terms to be agreed at a rent of £20,000 (Twenty Thousand Pounds) per annum.