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Unit 12A Cobalt Business Park, Silver Fox Way, West Allotment, North Tyneside, NE27 0QJ
Guide Price* : £2,000,000 to £2,500,0000
GRADE A OFFICE
- Vacant Grade A Office Accommodation
- Approximately 5,263.65 Sq M (56,657 Sq Ft) NI
- Parking Spaces for 254 Vehicles
- 6 Week Completion Available
Description
The property comprises a detached Grade A office building of steel frame construction arranged over four storeys.
Internally, the accommodation is arranged to provide open plan office floor plates around a full height atrium reception. The specification includes air conditioning, raised access floors, LED lighting and approximately 3 metre floor to ceiling heights, together with lift access to all floors.
The total accommodation extends to approximately 5,263.65 sq m (56,657 sq ft) NIA, with typical floor plates extending to 1,303.99 sq m (14,036 sq ft).
Externally, the property benefits from approximately 254 car parking spaces.
Location
The property is located at Cobalt Business Park within the borough of North Tyneside, approximately 6 miles north east of Newcastle city centre. The property is situated on one of the UK’s largest business parks, within a well established commercial and office environment.
Cobalt Business Park accommodates a number of major occupiers including Accenture, EE, HP, Sage Group Plc and North Tyneside Council. The park also benefits from a range of on-site facilities including the CobaltCentral retail hub, a Busy Bees day nursery, and the Newcastle Village Hotel & Leisure Club.
The location is well connected, providing transport links via the A19, enabling direct access to the wider North East region, as well as connections to the A1(M) and the Tyne Tunnel. Public transport is available from Northumberland Park Metro station, which offers services to Newcastle city centre, the coast and Newcastle International Airport.
The surrounding area is predominantly commercial in character, supported by nearby retail and leisure provision at Silverlink Retail Park.
Tenure
The property is held Leasehold under Title Number TY365181.
Tenancy
We understand that a parking licence is in place for 100 spaces, which are currently let to the NHS at a rent of £96,000 per annum. The licence commenced 6 years ago and is subject to annual renewal on 31 August, it is expected this will continue.
Planning Authority
North Tyneside Council - www.northtyneside.gov.uk
Bidder Registration
Registration for bidding will close at 2:00 pm the day before the auction, after which we cannot guarantee giving you permission to bid at the auction.
VAT
The property is elected for VAT
Energy Performance Certificate
B:43
Note
Cobalt Business Park was designated by the UK Government as an Artificial Intelligence Growth Zone in September 2025, positioning it as a strategic hub for AI infrastructure and data centre development. Further information is included in the Legal Pack.
A six week completion is available.
Accommodation
| Address | Accommodation | Sq M | Sq Ft |
|---|---|---|---|
| Ground Floor | Reception | 47.69 | 513 |
| Ground Floor | Office | 1,303.99 | 14,036 |
| First Floor | Office | 1,303.99 | 14,036 |
| Second Floor | Office | 1,303.99 | 14,036 |
| Third Floor | Office | 1,303.99 | 14,036 |
| Total NIA | 5,263.65 | 56,657 |
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.
** If you take up this service, Dynamo may pay a referral payment of up to 20% of the procuration fee received by Dynamo from the relevant lender on completion of the mortgage to us. This is not paid by you and has no impact on the service provided. Dynamo is a trading name of Dynamo Mortgages Limited, which is part of the same group of companies as Lambert Smith Hampton, owned by Connells Limited.
If you take up this service you will agree your own separate contract with Dynamo, and Lambert Smith Hampton is not responsible for the accuracy, quality or suitability of any advice, recommendations or services provided to you.
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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
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Related Documents
Legal Documents
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Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
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