Office for sale
Property description & features
- Tenure: Freehold
- For Sale
- Mid – Terraced 3 Storey Office Building
- Net Internal Area: 140.61 sqm (1,514 sqft)
- Partly Let
- Modern method of auction
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £349.00 plus VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
Auction Date - 1pm on Tuesday 26th November 2024
Location - Located on Regent Terrace, Gateshead the premises are in walking distance to Gateshead town centre and public transport interchange. The location fronts onto A184 offering good access to Newcastle City Centre and the A1.
Description - The property which is Grade II listed comprises a three storey plus basement office building and includes a dedicated parking space to the rear.
Comprising of 4 office suites along with a basement meeting room, communal 2nd floor kitchen and WC’s on 2 floors within communal area, the accommodation provides bright and characterful office space arranged to provide a range of smaller and larger rooms and has been well maintained.
The property has three tenants to the ground and second floors. The first floor office suite and basement accommodation are currently vacant.
Accommodation - The Net Internal Area (NIA) is as follows:
140.61 sqm (1,514 sqft)
Services - We understand that all mains services are connected to the property. (All interested parties should satisfy themselves with the local service providers).
Planning - We understand that the premises have planning permission for use as an office as designated under class E of the Town and Country (Use Classes) Order 1987 (as amended)
It is anticipated that there would be potential for residential conversion in the future, subject to Planning Permission.
Energy Performance Certificate - The property has a rating of :
D83
Tenure - Freehold
Lease Details - Ground Floor: Let to Collingwood Immigration. The passing rent is £6,600 pa
First Floor and Basement: Currently Vacant and on the market at a Guide Rent of £8,400 pa
Part Second Floor: Currently vacant. The guide rent is £2,500pa
Part Second Floor: Let to Marc Flaherty. The passing rent is £1,920 pa
All leases are currently holding over.
Vat - All prices quoted are exclusive of VAT at the prevailing rate.
Anti Money Laundering - In accordance with the Anti-Money Laundering Regulations the applicants will be required to provide two forms of identification and proof of the source of income.
Costs - Each party will be responsible for their costs in the transaction.
Viewings - The property is available to view by appointment through R A Jackson and Son.
Property information from this agent
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Property reference 33278300. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by R. A. Jackson & Son - North Shields.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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