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Refurbished Two-Storey Office Unit, Unit 7 Market Dock, Waverley, South Shields, NE33 1LE

1,959 Sq Ft / Offices

For Sale - £195,000.00

To Let - £21,500.00 per annum

Available - Last updated: 19 March 2024

Market Dock, Waverley is a contemporary, high specification development of office buildings, breifly comprising:

  • Two-storey units
  • Own front door
  • Male/female accessible toilets
  • Double glazing
  • Gas fired central heating
  • Perimeter trunking on ground floor
  • Raised access flooring on the first floor
  • Exposed feature beams
  • LED lighting

Location

Waverley is conveniently located within easy walking distance of South Shields town centre, Metro station and Ferry Landing close to the rear of Market Square at the junction of River Drive and Long Row. The surrounding area comprises a mixture of commercial and residential schemes.

The development is close to the A19 and A1 with excellent access to the regional road network, Newcastle upon Tyne and Sunderland.

Public transport is excellent. South Shields Metro station is a 5 minute walk away and has frequent bus services operating to and from the local area.

A redevelopment scheme of the adjacent town centre is ongoing and has already seen the refurbishment of the Market Place and the construction of a new Interchange for bus and Metro travel.

Accommodation

The property provides the following approximate net internal areas:

Ground Floor - 79.99 sq m (861 sq ft)

First Floor - 102 sq m (1,098 sq ft)

Total - 181.99 sq m (1,959 sq ft)

Terms

TERMS - The property is available by way of a new EFRI lease for a term of years to be agreed at an annual rent of £21,500 pax (£10.98 per sq ft).

Alternatively, we are seeking £195,000 for the benefit of our clients Freehold interest.

BUSINESS RATES:

Rateable Value : £15,250 (Effective 1st April 2023)
Estimated Rates Payable : £7,609.75
Our estimate is calculated by applying the appropriate Business Rate Multiplier to the RV.
It is important that interested parties confirm the accuracy of this information and the actual rates payable with the Local Authority.

ENERGY PERFORMANCE - EPC Rating C 54

LEGAL COSTS - Each party to be responsible for their own costs incurred in this transaction.

VAT - All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Graham S Hall upon this basis and where silent, offers will be deemed net of VAT.

ANTI-MONEY LAUNDERING REGULATIONS - In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the purchaser / tenant.

Specification

  • Popular Business Park Location
  • 2 Minute Walk from Town Centre
  • Dedicated Car Parking
  • Suitable for Occupiers in a Variety of Sectors (i.e. Professional & Financial Services, Public & Health)
  • Great SIPP Investment Opportunity
  • Excellent Opportunity for Owner Occupiers

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £195,000.00 NA
  To Let £21,500.00 per annum

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Contact agents

Daryl Carr

Graham S Hall Chartered Surveyors

0191 394 0036



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