NORTH EAST COMMERCIAL AGENTS & PROPERTY CONSULTANTS
CALL: 0191 229 9517 EMAIL: james.pain@frewpain.co.uk
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HIGHLY PROMINENT TRADE COUNTER UNITS
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OVER 10 MILLION VEHICLES PASSING ANNUALLY
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SIZES FROM 465M² (5,000 SQ FT) TO 2,787M² (30,000 SQ FT)
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ADJACENT TO MAGNET
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SUITABLE FOR A VARIETY OF USES SUBJECT TO PLANNING PERMISSION
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COMPETITIVE RENTS
KINGSWAY TOWER, KINGSWAY SOUTH, TEAM VALLEY TRADING ESTATE, GATESHEAD, NE11 0SH
LOCATION:
Kingsway Tower is a new trade showroom and warehousing location situated on principal thoroughfare (Kingsway), on the well established Team Valley Trading Estate. Team Valley Trading Estate is the regions foremost mixed use business estate offering circa 700 acres in total. This location has
the benefit of a J Sainsbury supermarket and Retail World a major retail park, in addition to a Hotel and general commercial industrial and office space providing employment for around 15,000 people.
This location benefits from a high level of passing traffic and excellent communication links to the A1 which lies several minutes’ drive. All local amenities and services are situated a short distance away in Gateshead Town Centre.
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DESCRIPTION
Kingsway Tower is a refurbished trade development anchored by Magnet. The remaining space is single storey steel framed accommodation and is available as a whole or by way of further subdivision from around 5,000 sq ft. The development offers benefits large circulation/car parking area.
The premises are proposed to be refurbished as per the attached plans and elevations. However amendments and specific alterations could be undertaken subject to request.
ACCOMMODATION
From architects plans the proposed size of units will be as follows (subject to final
measurement):
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Unit 1 : 566.92 m² (6,103 sq ft)
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Unit 2 : 544.87 m² (5,865 sq ft)
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Unit 3 : 1,684.96 m² (18,137 sq ft)
SERVICES:
It is understood that all mains services are available to the site.
(All interested parties should satisfy themselves with the local service providers).
RATING LIABILITY
It is understood from the Local Rating Authority that the premises will need to be reassessed upon occupation.
(All interested parties contact the Local Authority to confirm these figures.)
TERMS
The premises are available by way of a new Full Repairing and Insuring Lease for a term of years to be agreed.
Incentives are available, subject to covenant strength and lease term.
ENERGY PERFORMANCE CERTIFICATE
An EPC can be provided upon request.
RENT
Our client is seeking a rental of between £5.50 per sq ft and £7.50 per sq ft dependant on the size and specification taken.
COSTS
The ingoing tenant will be responsible for our clients reasonable legal fees involved with the preparation of the lease.
VAT
All prices quoted are exclusive of VAT at the prevailing rate.
TO LET
