Regents Terrace, Gateshead

Location - Located on Regent Terrace, Gateshead the premises are in walking distance to Gateshead town centre and public transport interchange. The location fronts onto A184 offering good access to Newcastle City Centre and the A1.

Description - The property which is Grade II listed comprises a three storey plus basement office building and includes a dedicated parking space to the rear.
Comprising of 4 office suites along with a basement meeting room, communal 2nd floor kitchen and WC’s on 2 floors within communal area, the accommodation provides bright and characterful office space arranged to provide a range of smaller and larger rooms and has been well maintained.
The property has three tenants to the ground and second floors. The first floor office suite and basement accommodation are currently vacant.

Accommodation - The Net Internal Area (NIA) is as follows:
140.61 sqm (1,514 sqft)

Services - We understand that all mains services are connected to the property. (All interested parties should satisfy themselves with the local service providers).

Planning - We understand that the premises have planning permission for use as an office as designated under class E of the Town and Country (Use Classes) Order 1987 (as amended)

It is anticipated that there would be potential for residential conversion in the future, subject to Planning Permission.

Energy Performance Certificate - The property has a rating of :

D83

Price - The Freehold Interest is available at a Guide Price of £230,000

Tenure - Freehold

Lease Details - Ground Floor: Let to Collingwood Immigration. The passing rent is £6,600 pa
First Floor and Basement: Currently Vacant and on the market at a Guide Rent of £8,400 pa
Part Second Floor: Let to MLDS. The passing rent is £1,920 pa
Part Second Floor: Let to Marc Flaherty. The passing rent is £1,920 pa

All leases are currently holding over.

Vat - All prices quoted are exclusive of VAT at the prevailing rate.

Anti Money Laundering - In accordance with the Anti-Money Laundering Regulations the applicants will be required to provide two forms of identification and proof of the source of income.

Costs - Each party will be responsible for their costs in the transaction.

Viewings - The property is available to view by appointment through R A Jackson and Son.