Gateshead, Unit 6 Riverside Way, Metro Riverside Park
Gateshead, Unit 6 Riverside Way, Metro Riverside Park

LOCATION
The premises are located on Riverside Way within the Metro Riverside Business Park, next to the Watermark development, on the south bank of the River Tyne adjacent to the Metro Centre, Gateshead.

Riverside Way has excellent communication linking with the A1(M) approximately half a mile to the west. Newcastle city centre lies approximately 4 miles to the east and Newcastle International Airport approximately 15 minutes by car to the north.

DESCRIPTION
The property comprises a two-storey office building of brick construction with double glazed windows and a pitched concrete tiled floor.

The available premises have been upgraded with the following specification:

  • Comfort cooling
  • Suspended ceilings with LED light fittings
  • Perimeter trunking
  • Newly decorated and carpeted
  • Passenger lift
  • 31 car parking spaces

ACCOMMODATION
The available accommoadtion is located on the first and ground floors and has the following approximate floor areas:

  Sq M Sq Ft
First Floor  406.46 4,375 
Ground Floor  193.70  2,085 
Total 600.16 6,460

TENURE
The premises are available by way of a new lease for a term to be agreed.

RENT
£9.50 per sq ft exclusive of rates and service charge.

PRICE
The freehold interest in the property is also available to purchase at a quoting price of £795,000 exclusive of VAT.

The purchase would also include the benefit of income from a lease of Part Ground Floor which is let to Stannah Lift Services Limited on a 5 year lease from 27th September 2017 at a rent of £25,000 pax. The lease incorporates a tenant only break clause at the end of the third year.

SERVICE CHARGE
There will be a service charge payable for the upkeep of the common parts and exterior of the building.

RATEABLE VALUE
The premises will need to be reassessed for Rating purposes.

EPC
The EPC rating of the property is D-89.

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.

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Particulars