The property provides two storey modern, open plan office accommodation. There is an independent gas fired heating system, WCs and kitchen facilities. Car parking is available within the central courtyard.
The property is held by way of a long ground lease dated 10 December 2021 until 21 February 2115 at a peppercorn rent. The occupational lease is to Chemistry Marketing (North East) Ltd on a 5 year FRI lease (3 year break) from 20 October 2021. The passing rent is £12,070 per annum.
Offers are sort with an asking price of £135,000, reflecting a net initial yield of 8.78%.
