NORTH EAST COMMERCIAL AGENTS & PROPERTY CONSULTANTS
CALL: 0191 229 9517 EMAIL: james.pain@frewpain.co.uk

-
ESTABLISHED BUSINESS CENTRE SPLIT OVER TWO FLOORS WITH
SECURE CAR PARKING.
-
TOTAL GIA : 1,030.64 M² (11,094 SQ FT).
-
TOTAL GROSS INCOME £13,900 PA. FROM THREE TENANTS.
-
POSSIBLE VACANT POSSESSION OF WHOLE BY NEGOTIATION.
-
FREEHOLD OFFERS IN THE REGION £140,000 (SUBJECT TO CONTRACT)
VICTORIA ENTERPRISE CENTRE, BENWELL LANE, NEWCASTLE UPON TYNE, NE15 6RR
LOCATION
The subject property is located on Benwell Lane, Old Benwell, Newcastle upon Tyne.
The surrounding area is of mixed use development offering commercial, retail, leisure and residential.
DESCRIPTION
The property consists of a self-contained two storey commercial property currently operated as Victoria Business Centre, set within a secure fenced site. The property is of brickwork construction with pitch slate roof over. Access from Benwell Lane is at ground level with the lower level accommodation accessed to the rear car park. Internally the property is divided into various areas with individual tenants occupying demised units. The property benefits secure car parking to the rear (9 spaces), however this access is shared with adjacent occupier. This site does offer the benefit of an established location with good focal frontage on to a busy main road, providing many local services and amenities close-by.
ACCOMMODATION
From onsite measurements the following
areas have been calculated (GIA):
Ground Floor 515.31 m²
Lower Ground 515.31 m²
Total GIA 1,030.00 m² (11,093 sq ft)
SERVICES
It is understood that all mains services are available to the site.
(All interested parties should satisfy themselves with the local service providers).
TENANCY AGREEMENT
See attached PDF
TENURE
Freehold
ENERGY PERFORMANCE CERTIFICATE
Full details upon request
PRICE
Freehold offers in the region of £140,000, Subject to Contract, for the benefit of the existing legal agreements.
It is understood that the whole site could also be available with full vacant possession, subject to negotiation.
COSTS
The purchaser will be responsible for the Vendors reasonable legal fees incurred in this transaction
VAT
All prices quoted are exclusive of VAT at the prevailing rate.
INVESTMENT OPPORTUNITY
