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Office for sale

£325,000 (£156.4/sq. ft)

Front Street, Burnopfield, Newcastle Upon Tyne NE16

Office for sale 2,078 sq. ft*
Interested in this property? Call +44 191 686 9796 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Location


The property is located on Front Street, which is the main thoroughfare within the affluent village of Burnopfield and is approximately 7 miles from the A1(M). The subject property is on a number of local bus routes, providing access to various regional towns and cities. Burnopfield is approximately 10 miles west of Gateshead, 13 miles south west of Newcastle upon Tyne City Centre and 14 miles north of Durham.


Description


The property comprises a two-storey stone built office building, most recently used as an Education Centre with on-site parking for up to 12 spaces. Internally the property is well maintained and benefits from reception area, office, meeting room and w/c facilities to the ground floor and further cellular office accommodation, kitchen and w/c to the first floor. Other advantages include carpeted floors throughout, central heating, LED lighting, CCTV and full security alarm system.

The property would be suitable for a variety of uses within Use Class E or other use including residential conversion, subject to planning.


Accommodation


Office NIA 144.54 m² (1,555 ft²)
Garages NIA 48.60 m² (523 ft²)
Total NIA 193.14 m² (2,078 ft²)


EPC rating


To be re-assessed.


Rating assessment


The rateable value of the premises as at 1 April 2023 is £7,300 and the estimated rates payable for the current year is £3,642.70. This is based on the standard uniform business rates multiplier of 49.9p in the pound. The property is eligible for full business rates relief, subject to certain criteria. Interested parties should confirm the current position with the Local Authority.


Terms


The property is available to let for £25,000 (Twenty Five Thousand pounds) per annum on a new Full Repairing and Insuring lease for a term of years to be agreed.


Asking price


Our client’s Freehold interest is available for sale for £325,000 (Three Hundred and Twenty Five Thousand pounds).


VAT


VAT is not applicable to this purchase.


Legal costs


Each party is to bear their own legal costs involved in the transaction.


Anti-money laundering regulations


In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

Property info

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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For more information about this property, please contact
Bradley Hall, NE1 on +44 191 686 9796 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bradley Hall, and do not constitute property particulars. Please contact Bradley Hall for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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