ATTRACTIVE OFFICE BLOCK INVESTMENT
FOR SALE
ATTRACTIVE OFFICE BLOCK INVESTMENT
30 - 31 LONG ROW, MARKET DOCK, SOUTH SHIELDS, NE33 1JA PRICE ON APPLICATION \ Quality riverside offices within the Market Dock area. \ Let to Utilitywise Plc. \ Currently producing £246,667 rising to £370,000 on 12 December 2014.
AVAILABLE SPACE 3,745.9m² (40,320sq ft)
LOCATION
RATEABLE VALUES
South Shields is located on the south of the River Tyne approximately 6 miles to the east of Newcastle upon Tyne and 7 miles north of Sunderland.
Description: Offices and Premises Rateable Value: £387,500
The town benefits from good communications being situated close to the A19 trunk road and the rest of the regional road network. Excellent local public transport includes the Shields ferry and South Shields Metro Station. Newcastle airport is approximately 18 miles to the north west.
VAT Prices and rental are exclusive of VAT if chargeable.
TERMS
The property is conveniently located within the Market Dock area. The property is only 2 minutes walk from King Street, South Shields’s principal shopping pitch, which provides a wide range of town centre amenities.
The property is offered freehold and is currently let to Utilitywise PLC for a term of 10 years from 12 December 2011 at a rental of £246,667 per annum rising to £370,000 per annum as from 12 December 2014 until 11 December 2016. The lease incorporates a rent review/tenant only break at the end of the fifth year.
DESCRIPTION
Price on application.
30 – 31 Long Row comprises Grade A offices arranged over four floors with generous attic storage and car parking.
The adjacent office block 32 Long Row (15,085sq.ft) is also available with vacant possession – details on request.
• • • • • • •
LEGAL COSTS
BREEAM good rating Riverside Location Full Air Conditioning Raised Floors Internal garage/car parking Passenger Lifts Open flexible floor plates
Floor Ground Floor First Floor Second Floor Third Floor Fourth Floor Attic Storage TOTAL
0113 241 0940
Each party to be responsible for their own legal costs incurred in the transaction.
VIEWING By prior arrangement with the agents: Area sq m 485.3 1089.4 932.0 626.7 435.3 177.2 3,745.9
Area (sq.ft.) 5,224 11,726 10,032 6,746 4,686 1,906 40,320
Eddisons File Ref / 711.3531a Tel / 0113 241 0940 Email / [email protected] Email / [email protected] JULY 2014 SUBJECT TO CONTRACT
ATTRACTIVE OFFICE BLOCK INVESTMENT
30 - 31 LONG ROW, MARKET DOCK, SOUTH SHIELDS, NE33 1JA PRICE ON APPLICATION \ Quality riverside offices within the Market Dock area. \ Let to Utilitywise Plc. \ Currently producing £246,667 rising to £370,000 on 12 December 2014.
AVAILABLE SPACE 3,745.9m² (40,320sq ft)
LOCATION
RATEABLE VALUES
South Shields is located on the south of the River Tyne approximately 6 miles to the east of Newcastle upon Tyne and 7 miles north of Sunderland.
Description: Offices and Premises Rateable Value: £387,500
The town benefits from good communications being situated close to the A19 trunk road and the rest of the regional road network. Excellent local public transport includes the Shields ferry and South Shields Metro Station. Newcastle airport is approximately 18 miles to the north west.
VAT Prices and rental are exclusive of VAT if chargeable.
TERMS
The property is conveniently located within the Market Dock area. The property is only 2 minutes walk from King Street, South Shields’s principal shopping pitch, which provides a wide range of town centre amenities.
The property is offered freehold and is currently let to Utilitywise PLC for a term of 10 years from 12 December 2011 at a rental of £246,667 per annum rising to £370,000 per annum as from 12 December 2014 until 11 December 2016. The lease incorporates a rent review/tenant only break at the end of the fifth year.
DESCRIPTION
Price on application.
30 – 31 Long Row comprises Grade A offices arranged over four floors with generous attic storage and car parking.
The adjacent office block 32 Long Row (15,085sq.ft) is also available with vacant possession – details on request.
• • • • • • •
LEGAL COSTS
BREEAM good rating Riverside Location Full Air Conditioning Raised Floors Internal garage/car parking Passenger Lifts Open flexible floor plates
Floor Ground Floor First Floor Second Floor Third Floor Fourth Floor Attic Storage TOTAL
0113 241 0940
Each party to be responsible for their own legal costs incurred in the transaction.
VIEWING By prior arrangement with the agents: Area sq m 485.3 1089.4 932.0 626.7 435.3 177.2 3,745.9
Area (sq.ft.) 5,224 11,726 10,032 6,746 4,686 1,906 40,320
Eddisons File Ref / 711.3531a Tel / 0113 241 0940 Email / [email protected] Email / [email protected] JULY 2014 SUBJECT TO CONTRACT
