DESCRIPTION
The property comprises a single storey commercial use building of traditional masonry construction with elevations faced in brickwork, estimated to have originally been constructed circa 1960s. The principal roof is of pitched construction covered with corrugated asbestos sheet panels (asbestos content assumed). Flat roofed extensions have been formed to the original building in more recent years and have been subject to re-roofing works utilising rubber sheet coverings.
ACCOMMODATION
The property includes the following gross internal areas:
Ground Floor - 258 sq m / 2,777 sq ft
PROPOSAL
We are instructed to seek unconditional offers in the region of £110,000 for our clients’ freehold interest.
TENURE
The property is held freehold. The Subject Property is not registered with the Land Registry.
RATING ASSESSMENT
The rating assessment currently appearing on the Valuation List is as follows:
2026 - £3,800
The Small Business Rate for the year 2026/2027 is 43.2 pence in the pound.
ANTI-MONEY LAUNDERING
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser..
LEGAL COSTS
Each party to bear their own legal costs incurred in the transaction.
ENERGY PERFORMANCE
The property has an Energy Performance Certificate rating of D(86).
VAT
All figures are exclusive of VAT where chargeable.
Contact Branch
Newcastle
Dean Street Arch
22 Dean Street
Newcastle upon Tyne
NE1 1PG
