Cobalt 13A, Modern multi-let office investment extending to 30,406 sq ft.
Cobalt 13a is a modern three storey office building providing 2,824.8 sq m (30,406 sq ft).
The building is centrally located within the northern section of the park.
The property was constructed in 2007 and provides highly specified office accommodation arranged around a centrally located core, allowing flexibility to split each floor into two wings of approximately 454 sq m (5,000 sq ft) each.
The property’s specification includes:
· Double height reception and atrium
·Four 13 person passenger lifts
·VRF air conditioning
·3m clear floor to ceiling height
·BREEAM ‘Very Good’ rating
·127 dedicated car parking spaces providing a ratio of 1:239 sq ft
·EPC rating of C:65
Cobalt Park is situated on the junction of the A19 and the A1058 Coast road approximately 10 minutes northeast of Newcastle City Centre.
Cobalt 13a is centrally situated on the north section of the park with Accenture and Wealth Tek who occupy the adjacent buildings.
Amenities on the Park include a Tesco convenience store, Greggs, Cobalt Coffee and Deli, Eat4less, and a Busy Bees day nursery. Silverlink Retail Park, adjacent to Cobalt Park, provides an excellent retail and leisure offering, including an Odeon cinema, M&S, Next, Currys, Frankie & Benny’s and Pizza Hut. A Village Hotel together with Spa and Gym is located at the northern entrance to Cobalt Park. A new 80 bed Travelodge hotel has also opened at the centre of the park.
Offers in the region of £3,000,000 exclusive of VAT, reflecting a net initial yield of 10.36%, and a capital value of £100 per sq ft assuming standard purchasers’ costs of 6.15%.
Manors (5.0 miles)
Heworth (5.1 miles)
Newcastle (5.5 miles)