Lakeside Court, Fifth Avenue Business Park, Team Valley, Gateshead, NE11 0NL

The property comprises a pavilion style development, dating from the 1990s, consisting of 3 connected office buildings with associated car parking. The buildings are of framed construction, with brick elevations, beneath pitched and hipped roof structures with tile coverings. The buildings are configured to provide a mixture of open plan and cellular accommodation. The accommodation features raised access floors and suspended ceilings with recessed lighting. The buildings benefit from air conditioning and are heated by way of gas wall mounted radiators. The property benefits from onsite car parking for 61 vehicles.

We are inviting offers to acquire the long leasehold interest in the property.

We will also consider all offers on a leasehold basis to occupy the space (NIA) 10,163 sq ft split between Derwent House (5,100 sq ft) and Coniston House (5,063 sq ft).



Location Highlights



The property is located on Fifth Avenue, forming part of the wider Team Valley Trading Estate, in Gateshead. The Team Valley Trading Estate is widely regarded as a prime commercial area within the North East region. Gateshead is located approximately 1 mile south of Newcastle upon Tyne, 10 miles north west of Sunderland and 13 miles north of Durham.



Specification



Purpose built office buildings measuring (NIA) 15,274 sq ft



EPC



EPC Rating: C

Key Features

- Located in Team Valley, a prime 'out of town' office location

- Purpose built office buildings measuring (NIA) 15,274 sq ft

- Three office buildings providing a mixture of high-quality cellular accommodation

- Partially occupied producing £50,750 per annum. Significant opportunity for rental growth

- 61 on site car parking spaces

- Offers to acquire space on a leasehold basis (NIA) 10,163 sq ft will also be considered


( Agency Pilot Software ref: 113324 )