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AGENT'S DETAILS


F20 Willow Court, KIngsway South, Gateahead, NE11 0RU

For sale: POA|To rent: £12,070.00 Per Annum|1207 Sq Ft|Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALEPOA
TO RENT£12,070.00 Per Annum
SIZE1207 Sq Ft
ADDRESSF20 Willow Court, KIngsway South, Team Valley Trading Estate, Gateahead, NE11 0RU
TYPEOther, Other Property Types & Opportunities
TENUREBusiness for sale, Development Opportunity, Investment Opportunity, To Let
POSTED ON13th May 2020

DESCRIPTION

SELF CONTAINED OFFICE INVESTMENT - GATESHEAD

? Fully let to P G Legal (CRN 07483704) on a 6 year lease which expires on 5 December 2025 with tenant only break on 6 December 2022 (circa 3 years to break).

? Rent deposit of £3,261 held.

? 6 dedicated parking spaces.

? 1,207 ft (112 m).

? Passing rent - £12,070 per annum.

? Ideal for Pension Fund Purchase

? Offers sought in excess of £140,000, which equates to a net initial yield of 8.5%, after allowing for purchasers costs, reflecting a capital value of just £116 per ft

LOCATION

Team Valley Trading Estate is the North East's premiere commercial estate covering 285 hectares and housing in excess of 650,000 m2 of commercial accommodation. The Estate lies to the south of the Newcastle and Gateshead conurbation and adjacent to the A1.

Marquis Court and Willow Court are located in a prominent position on Team Valley between Kingsway South and Marquis Way and lies within easy walking distance of Team Valley Retail World.

DESCRIPTION

The office comprises modern two storey office premises providing open plan accommodation and benefiting from own front door, independent gas fired heating and WC and kitchen facilities. Car parking is available within a central courtyard.

Other tenants of note within the development include Pin Point Recruitment, Changing Lives and Pertemps.

TENURE

The property is held by way of a long ground lease dated 1 March 1990 at a peppercorn rent.

The occupational lease is to P G Legal Limited on a 6 year FRI lease (3 year break) from 5 December 2019.

The passing rent is £12,070 per annum
( Agency Pilot Software Ref: 2639 )

LOCATION

Location: F20 Willow Court, KIngsway South, Team Valley Trading Estate, Gateahead, NE11 0RU

Dunston (2.1 miles)

Heworth (3.0 miles)

Newcastle (3.0 miles)

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