Bede & Cuthbert House Tower Road Washington Tyne and Wear NE37 2SH

Bede & Cuthbert House
Tower Road
Washington
Tyne and Wear
NE37 2SH

Freehold Ground Rent Office Investment

Let on a new 125 year lease
Eight self-contained office units totalling approximately 1,384 sq m (14,904 sq ft)
Prominent corner position fronting A1290 and A195
Occupational Rents currently at £14k-£18k per annum per unit
Nearby occupiers include Kwik Fit, Arc Car Washing and National Tyres and Autocentre
On-site car parking
Six Week Completion

Lot
16
Auction
11th July 2013
Rent
£16,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Ground Rent Office Investment

Let on a new 125 year lease
Eight self-contained office units totalling approximately 1,384 sq m (14,904 sq ft)
Prominent corner position fronting A1290 and A195
Occupational Rents currently at £14k-£18k per annum per unit
Nearby occupiers include Kwik Fit, Arc Car Washing and National Tyres and Autocentre
On-site car parking
Six Week Completion

Lot 16
Auction 11th July 2013
Rent £16,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Ground Rent
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 7 miles west of Sunderland, 7.5 miles south-east of Newcastle upon Tyne
Roads: A1 (M), A19, A194 (M), A195, A1231, A1290
Air: Newcastle International Airport

Situation

The property is situated in a prominent corner position fronting Tower Road and both the A1290 and A195, some 7.5 miles south of Newcastle upon Tyne. The property benefits from excellent communication links being within easy access of the A1231 Sunderland Highway, A19, A194 (M) and A1 (M). Nearby occupiers include Kwik Fit, Arc Car Washing and National Tyres and Autocentre.

Tenure

Freehold.

Location

Miles: 7 miles west of Sunderland, 7.5 miles south-east of Newcastle upon Tyne
Roads: A1 (M), A19, A194 (M), A195, A1231, A1290
Air: Newcastle International Airport

Situation

Tenure

Freehold.

Description

The property comprises two single storey office buildings, each providing four self-contained office units. The property also benefits from on site car parking.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises two single storey office buildings, each providing four self-contained office units. The property also benefits from on site car parking.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

House	Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Cuthbert House Bede House	1 2 3 4 5 6 7 8	Ground Ground Ground Ground Ground Ground Ground Ground	Office Office Office Office Office Office Office Office	173 sq m 173 sq m 173 sq m 173 sq m 173 sq m 173 sq m 173 sq m 173 sq m	(1,863 sq ft) (1,863 sq ft) (1,863 sq ft) (1,863 sq ft) (1,863 sq ft) (1,863 sq ft) (1,863 sq ft) (1,863 sq ft)	CORNMANE LIMITED (1)	125 years from completion of the Sale until 2138	£16,000	2018 and 5 yearly. Rent to be increased by 2% per annum compounded
		Totals		1,384 sq m	(14,904 sq ft)			£16,000