5 miles south of Newcastle upon Tyne, 11 miles west of Sunderland, 14 miles north of Durham
Roads
A1 (Junction 67), A194(M), A692
Rail
Dunston Railway Station
Air
Newcastle International Airport
Situation
The property is prominently situated to the east of Octavian Way, in the heart of Team Valley Trading Estate, an established industrial location. The property benefits from excellent communication links being within close proximity to A1 (Junction 67), A194(M), and less than 5 miles south of Newcastle-upon-Tyne. Nearby occupiers include Halfords Autocentre, Topps Tiles, Rexel, Eurocell, Hermod, Homebase, Decathlon and Marks & Spencer.
Tenure
Leasehold. Held for a term of 125 years (less 3 days) from 30/09/1988 at a peppercorn rent.
Location
Miles
5 miles south of Newcastle upon Tyne, 11 miles west of Sunderland, 14 miles north of Durham
Roads
A1 (Junction 67), A194(M), A692
Rail
Dunston Railway Station
Air
Newcastle International Airport
Situation
The property is prominently situated to the east of Octavian Way, in the heart of Team Valley Trading Estate, an established industrial location. The property benefits from excellent communication links being within close proximity to A1 (Junction 67), A194(M), and less than 5 miles south of Newcastle-upon-Tyne. Nearby occupiers include Halfords Autocentre, Topps Tiles, Rexel, Eurocell, Hermod, Homebase, Decathlon and Marks & Spencer.
Tenure
Leasehold. Held for a term of 125 years (less 3 days) from 30/09/1988 at a peppercorn rent.
Description
The property comprises a large warehouse/showroom/exhibition centre arranged on the ground and first floors. The property benefits from parking to the front for about 15 cars, and an approximate eaves height of 5.71 metres.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band E
Description
The property comprises a large warehouse/showroom/exhibition centre arranged on the ground and first floors. The property benefits from parking to the front for about 15 cars, and an approximate eaves height of 5.71 metres.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band E
Tenancy & Accommodation
Floor
Use
Gross Internal Floor Areas Approx sq m
Gross Internal Floor Areas (Approx sq ft)
Tenant
Term
Rent p.a.x.
Rent Review
Ground First
Warehouse Ancillary/Showroom/Exhibition Centre
559.20 81.96
(6,019) (882)
ACE WINDOWS (NE) LIMITED (1)
10 years from 01/08/2021 (2)
£38,750
01/08/2026
Total
641.16
(6,901)
£38,750
(1) Ace Windows (NE) Limited were established in 1972, and supply and install a high quality range of windows, doors and conservatories throughout the North East and surrounding areas, including Gateshead, Newcastle, North Shields, South Shields, Sunderland, Consett, Durham and Lower Northumberland (www.acewindowsne.co.uk). (2) The lease is subject to a tenant option to determine on 01/02/2027.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
