Gateshead, Unit 2 Earls Court, Team Valley
Gateshead, Unit 2 Earls Court, Team Valley

LOCATION AND SITUATION
Team Valley Trading Estate is recognised as the north east’s principle commercial business park and is home to over 700 businesses on an area of industrial, office and retail accommodation exceeding 6.5 million sq ft.
 
The property is situated on Earls Court within the Fifth Avenue Business Park and can be accessed from both Earlsway and Queensway North, two of the primary routes through the estate. 
 
DESCRIPTION
The property comprises a two-storey brick built semi-detached building with a pitch tiled roof. 
 
The available offices have been refurbished with the following specification:
 
Suspended ceiling with new LED light fittings
Gas fired central heating
Perimeter trunking
Fully carpeted
Kitchen facilities
Communications options available (IT, phone, leased line share options)
Managed office support options (reception, post etc.)
5 meeting rooms available for hire including a training room and a board room
Male, female and disabled WC facilities
7 or 15 car parking spaces
 
ACCOMMODATION
There are two suites potentially available.
 
  M2 Sq ft
1st 400.44 4,310
Ground 166.01 1,787
 
RATEABLE VALUE
The ground floor premises would need to be reassessed for rating purposes. Based on the current assessment for the first floor of £36,000  rates payable will be approximately £4.00 per 
sq ft. 
 
EPC
The premises have an EPC rating of D-80. A full copy of the report is available upon request.
 
TENURE
The premises are available by way of a new sub-lease for a term to be agreed.
 
RENT
£11 per sq ft exclusive of rates and service charge.
 
SERVICE CHARGE
There will be a service charge payable (21.9%) for the upkeep of the common parts and exterior of the building together with a proportion of the estate charge. In addition, the tenant will be responsible for the cost of utilities in the building, again based on 21.9%.
 
MONEY LAUNDERING
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.
 
VAT
All rents, premiums and purchase prices quoted are exclusive of VAT. All offers are to be made to Gavin Black & Partners on this basis, and where silent, offers will be deemed net of VAT.
 
LEGAL COSTS
Each party will bear their respective legal costs incurred in connection with the transaction.
 

 

 

 

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