1 Octavian Way Team Valley Trading Estate Gateshead Tyne & Wear NE11 0HZ

1 Octavian Way
Team Valley Trading Estate
Gateshead
Tyne & Wear
NE11 0HZ

Well Located Industrial Investment

Let to Ace Windows (NE) Limited until July 2031 (subject to option)
Circa. 6,901 sq ft, with parking to the front for about 15 cars
Recently refurbished building
Established Industrial trading location
Nearby occupiers include Halfords Autocentre, Topps Tiles, Rexel, Eurocell, Hermod, Homebase, Decathlon and Marks & Spencer

Lot
22
Auction
12th December 2024
Rent
Gross: £38,750 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction
On Behalf of Trustees of a Charity

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Well Located Industrial Investment

Let to Ace Windows (NE) Limited until July 2031 (subject to option)
Circa. 6,901 sq ft, with parking to the front for about 15 cars
Recently refurbished building
Established Industrial trading location
Nearby occupiers include Halfords Autocentre, Topps Tiles, Rexel, Eurocell, Hermod, Homebase, Decathlon and Marks & Spencer

Lot 22
Auction 12th December 2024
Rent Gross: £38,750 per Annum Exclusive
Status Sold Prior
Price
Sector
Trade Counter/Builders Merchants, Industrial
Auction Venue
Live Streamed Auction
On Behalf of Trustees of a Charity

Property Information

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.

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

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

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.