Investment Premises For Sale in Team Valley
Bebe House, Dukesway, Team Valley, Gateshead, NE11 0PZ
15,617 sq ft Enquire NowInvestment Premises For Sale
Summary
- Prominent Location
- Freehold Interest
- FRI Lease to Willmott Dixon Construction Limited
- Offers in the Region of £2.1M
- Subject to Contract
Location
Team Valley Trading Estate is recognised as the north east's principle commercial business park and is home to over 700 businesses on an area of industrial, office and retail accommodation exceeding 6.5 million sq ft.
Bebe House lies on Dukesway which is situated to the west of the estate, close to Team Valley Retail World. The area benefits from a strong level of amenities, facilities and transport links.
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Mainline Stations
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Dunston37 mins
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MetroCentre57 mins
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Newcastle58 mins
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Heworth61 mins
Underground Station
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Chesham4370 mins
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Amersham4412 mins
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Chalfont and Latimer4427 mins
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Broxbourne4430 mins
Further Information
Rates Payable Upon Enquiry
EPC Rating This property has been graded as C (53)
Description
The property comprises a two storey detached office with ample car parking. Reception and core are located at the front elevation with large floorplates to the ground and first floor. The office space benefits from a mix of open plan and cellular accommodation.
The main office building is of brick construction. It is surmounted by a dual pitched timber frame roof with tile covering, supported by a steel frame. Timber framed windows are fitted throughout the office sections. An integrated, single storey industrial warehouse unit is located at the rear of the main office block.
Terms
Offers are invited in the region of £2.1M.
We understand the property is owned Freehold.
Tenancy
The property is let on a 10 year lease to Willmott Dixon Construction Limited at a stepped rent expiring on 28 February 2035. Rent details as below:
01/03/2025 - 28/02/2027: £143,000 per annum
01/03/2027 - 28/02/2030: £156,000 per annum
01/03/2030 - 28/02/2033: £162,140 per annum
01/03/2033 - 28/02/2035: £168,730 per annum
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