Kingsway Central Gateshead NE11 0SU
Brief Property Description:
LOCATION
The subject property is located on Kingsway in Team Valley Trading Estate, Gateshead. Team Valley Trading Estate is the north east’s premier business centre and home to over 700 businesses with nearby occupiers including Bellway North East, Best at Hire, HSS Hire and DHL Parcel UK.
The property Is prominently located on Kingsway which is the main road through the trading estate, linking with the A1(M) to the north and south as well as Gateshead town centre and A184 to the north. Kingsway is serviced by local bus routes and there is a bus stop within 60 yards.
Description
The property is has undergone a significant refurbishment programme to provide a modern open plan warehouse providing an eaves height 7.03m rising to 8.77m at the apex.
The property is of traditional steel portal frame construction with sheet profile cladding to the external and roof. The front elevation comprises a two storey brick built office block, complete with reception, canteen facilities and passenger lift to first floor. The property also benefits from a 750 kva power supply.
Externally, the unit benefits from a secure rear yard with loading access. Private car parking is available to the front of the property while there are additional dedicated spaces available adjacent to the site
Property Type: Industrial
Size: 4408 sqm (47447 sqft)
Retail Area: 0sqm
Tenure: Lease Freehold
Lease: New FRI lease for a term of years to be agreed
Rent: £275000pa
Freehold price: £3500000
Rateable Value: £297500
Agent Details:
Frew Pain & Partners
Contact: James Pain on
Brochure from Frew Pain & Partners
HTA Real Estate (RS)
Contact: Richard Scott on
Brochure from HTA Real Estate (RS)