1059 bedroom Industrial Under Offer
321I Mayoral Way, Team Valley Trading Estate, Gateshead, Tyne And Wear, NE11
£80,000
Under Offer
Key Details
Under Offer
1,059
Industrial
Property Description
The property is a mid-terraced unit of steel portal frame construction with brickwork walls and profile sheet cladding with translucent roof panels incorporated within the roof. The warehouse space benefits from concrete flooring, and a roller shutter door measuring 2.8m (wide) x 2.8m (high). The unit also includes W.C / kitchenette facilities and 3-phase electricity.
Car parking is available within a central courtyard to the front of the property.
The unit is currently fitted as a showroom with ancillary stores and mezzanine. This could be stripped by a buyer if they require industrial space.
The estate lies approximately 4.5 miles south of the Newcastle/Gateshead conurbation and has direct access onto the A1 trunk road linking the North and Scotland with the Midlands and South.
The Estate is a major commercial centre providing in excess of 650,000 m of commercial accommodation and home to a number of major national occupiers.
Mayoral Way is a development of 41 small units located off Marquis Way and Tenth Avenue West, which is a main thoroughfare towards Retail World where major occupiers include Next, Marks & Spencer and Dunelm.
We understand mains services are connected in the unit. However, these have not been tested or warranted. Interested parties are advised to make their own enquiries in this respect.
There is a service charge payable to cover the upkeep of common areas. The annual cost is approximately £774.56.
The current rating is E (123).
The current Rateable Value is £8,800 (April 2023 Rating List).
We would advise interested parties make any enquiries to the relevant local authority.
Each party to be responsible for their own legal costs incurred in this transaction.
All rents, premiums and purchase prices quoted are exclusive of VAT. All offers are to be made to Naylors Gavin Black LLP on this basis and where silent, offers will be deemed net of VAT.