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Plumb Center, Hawks Road, Gateshead, NE8 3BL
Guide Price* : £550,000 plus
Sale of the Leasehold Interest
- Sale of the Long Leasehold Interest
- Industrial/Warehouse Unit with Office & Yard
- Site Area of Approximately 1.239 Acres (0.501 Hectares)
- Approximately 1,702 sq m (18,321 sq ft)
- 2.57m Minimum Eaves Height
- Good Access to A184
Description
The long leasehold interest in a single storey warehouse accessed from a generous tarmac rear yard of circa 0.5 acres fronted by a two storey office facility which requires full refurbishment. There is separate forecourt parking and the site benefits from a road frontage of 60m.
The long leasehold interest is for 99 years from 26 November 1964 at a passing rent of £7,500 per annum (39 years remaining unexpired).
Location
The premises are located in a commercial/industrial area close to Gateshead town centre off the A184 some 2.5 miles east of the A1M and 5 miles west of the A19.
Tenure
Long leasehold under Title Number TY25430.
Tenancy
Long leasehold interest which is for 99 years from 26 November 1964 at a passing rent of £7,500 per annum.
Planning Authority
Gateshead Council - www.gateshead.gov.uk
VAT
The property is elected for VAT
Energy Performance Certificate
D:78
Note
The Vendor has approached the Council on an informal basis and they have indicated they may consider extending the lease.
Accommodation
| Address | Accommodation | Sq M | Sq Ft |
|---|---|---|---|
| Ground | Warehouse/Trade Counter | 1,097 | 11,806 |
| Ground | Offices | 438 | 4,716 |
| First | Offices | 167 | 1,799 |
| Total GIA | 1,702 | 18,321 |
Contact
Joint auctioneers
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
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The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Joint Agent
Office Contact
Agreement Documents
Additional Documents
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton January 2025
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