• Leasehold Office of 3,955 sq ft.

• Located in the heart of the Team Valley Trading Estate.

• Vacant.

• Office benefits from suspended ceiling, CAT 2 lighting, gas central heating and kitchen.

• To be offered for sale via Knight Frank Auctions on Thursday 12th June (unless sold or withdrawn prior)

Property Description

Unit A5 provides office accommodation within Kingfisher House a multi-office development in the heart of Team Valley.

The office on the second floor comprising 367.43 sqm (3,955 sqft) and benefits from carpeted flooring, a suspended ceiling with implemented CAT 2 lighting, gas central heating, air conditioning, partitioned meeting rooms, a kitchen facility, a tea point and a large open plan office space.

The office is accessed via a shared communal entrance.

TENURE
Leasehold. Held for a term of 125 years from March 1989 (thus having approximately 89 years unexpired) at a peppercorn rent. See legal pack for service charge

TENANCY
Vacant

VAT
VAT is applicable

EPC RATING
Rating D

VIEWINGS
Please contact Nathan Douglas [email protected] & [email protected]

Location

Kingfisher House is located in the heart of Team Valley Trading Estate in Gateshead, 2.5 miles south of Newcastle Team Valley is a well established office and industrial location, home to over 700 businesses and is conveniently positioned directly adjacent to the A1 Western By Pass in Gateshead. The strategically positioned business location boast a major retail park providing a range of amenities.

Occupancy

Vacant

Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction and is being sold as on an Unconditional basis. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Auctioneer Fees and Deposit. The following deposits and non-refundable auctioneer fees apply: • 10% deposit of the purchase price, subject to a minimum of £5,000. The deposit contributes to the purchase price. • Buyer’s Fee- is £1950 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property. The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability. There may be additional fees contained within the Special Conditions of Sale, which can be viewed within the Legal Pack. You are strongly advised to read the Legal Pack carefully and take professional advice before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the Knight Frank Auctions’ website. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Auction Conduct Guide.