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AGENT'S DETAILS


8 Bankside, Gateshead, NE11 9SY

For sale: £285,000.00|1850 Sq Ft|Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£285,000.00
SIZE1850 Sq Ft
ADDRESS8 Bankside, The Watermark, Gateshead, NE11 9SY
TYPEOther, Other Property Types & Opportunities
TENUREBusiness for sale, Development Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON15th November 2020

DESCRIPTION

HIGH YIELDING SELF-CONTAINED OFFICE INVESTMENT

- Fully let to Deminos Consulting Limited (CRN 10268198) Creditsafe rating 72A. A wholly owned subsidiary of Marlowe plc (Creditsafe rating 78A)
- 1850 ft (172 m) plus 6 car parking spaces
- Income £30,000 per annum
- Ideal for pension fund purchase
- Offers in excess of £285,000, which equates to a net initial unit of 10.2% after allowing for purchasers costs

LOCATION
The property is located on Bankside which forms part of the Watermark development, located adjacent to the Metrocentre and 4 miles east of Newcastle City Centre. The property benefits from excellent transport links being adjacent to the A1 and also benefits from rail and bus connections to Newcastle and the wider area. Close by occupiers include Portland Consulting Engineers, Stokoe Rogers Accountants, Barratt, ITV and Teleperformance.

DESCRIPTION
The property comprises a modern two storey semi-detached office with dedicated car parking. The ground floor has been partitioned to provide a reception area, private offices and kitchen/staff break out area. The first floor is open plan and benefits from feature exposed trussed ceiling.
( Agency Pilot Software Ref: 725 )

LOCATION

Location: 8 Bankside, The Watermark, Gateshead, NE11 9SY

MetroCentre (0.4 miles)

Dunston (1.4 miles)

Blaydon (1.8 miles)

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