for sale mixed use redevelopment opportunity & part investment - Realla

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FOR SALE MIXED USE REDEVELOPMENT OPPORTUNITY & PART INVESTMENT Rudyerd House, Benton Road, West Allotment, Newcastle upon Tyne, NE27 0EP •

Planning Consent for 3 ground floor retail units and 2 first floor flats



Separate Warehouse premises providing current income of £7,000pa



Excellent location, only 400m from Holystone roundabout and the A19 Trunk Road



Potential for alternative uses (subject to planning)

+44 191 221 2211 St Ann's Quay, 124 Quayside, Newcastle upon Tyne, NE1 3BD

Situation West Allotment is situated approximately eight miles north east of Newcastle City Centre and lies adjacent to the Holystone roundabout which connects the A191 with the A19 Trunk Road. The area has seen considerable new residential development in the recent past and it is adjacent to the Cobalt Business Park, one of the largest office parks in the country housing many multi national occupiers such as Orange, GE Money, Proctor & Gamble and North Tyneside Council. Please see the attached plans for more detailed information regarding the location

Description Rudyerd House comprises a vacant two storey brick building with a slate covered roof which has most recently been used as offices. It provides traditional cellular accommodation over two floors including toilet facilities at both levels. To the rear of the property is a secure yard which provides access to a detached workshop/storage block that is again of brick and slate construction and includes a mezzanine attic store to part. The workshop is currently let to East Coast Ceilings Limited on a lease expiring 31 December 2017 at a rent of £7,000 per annum exclusive. The lease incorporates a Tenant only break clause on 31 December 2015 subject to the service of 6 months prior written notice. Externally, there is a courtyard between the front offices and the rear workshops which provides a secure parking area and is enclosed by a steel fence with double gates.

Existing Accommodation m²

Sq ft

Office Block Ground Floor

210

2,267

Office Block First Floor

135

1,452

Rear Storage Block

139

1,499

Mezzanine Storage

88

943

Total

572

6,161

Site Area

740

0.183 Acres

Planning The ground floor of the main office building has planning consent for three fully self-contained retail units offering the following approximate Net Internal Areas: m²

Sq.ft.

Unit 1

114

1,230

Unit 2

82

877

Unit 3

48

514

The first floor of the main building has planning consent for 2no two bedroom residential flats with separate ground floor access. Full information on the current planning consent can be found on the North Tyneside Council Planning Portal. Application Reference - 11/00625/FUL Interested parties are recommend to make their own enquiries in respect to Planning to North Tyneside Council Planning Department telephone 0191 643 2310.

Important Notice 1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank LLP in the particulars or by word of mouth or in writing ("information") as being factually accurate about the property, its condition or its value. Neither Knight Frank LLP nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lessor(s). 2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only. 3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct. 4. VAT: The VAT position relating to the property may change without notice. Knight Frank LLP is a limited liability partnership registered in England with registered number OC305934. Our registered office is 55 Baker Street, London W1U 8AN, where you may look at a list of members' names.

Services

Price

We understand the property benefits from all mains services including gas.

Offers are sought in the region of £199,950 subject to contract.

Rating The property is currently assessed in its entirety at Rateable Value £21,250.

EPC Rating

VAT Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

D 86.

Viewing

Tenure

Please contact this office for a convenient appointment to view or for further information regarding the premises.

Freehold.

Particulars: May 2014 Image: May 2010

Rudyerd House Benton Road West Allotment

THE PROPERTY

Ordnance Survey © Crown Copyright 2010. All rights reserved. Licence number 100020449. Plotted Scale -1:20000

Rudyerd House - map This plan is published for guidance only, and although it is believed to be correct its accuracy is not guaranteed, nor is it intended to form any part of any contract.

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Ordnance Survey © Crown Copyright 2010. All rights reserved. Licence number 100020449. Plotted Scale 1:1250

Rudyerd House - plan

This plan is published for guidance only, and although it is believed to be correct its accuracy is not guaranteed, nor is it intended to form any part of any contract.