Fifth Ave - Office FOR SALE
Gateshead, TWR NE11 0XA |
$1,250,000 USD
Fifth Ave
Gateshead, TWR NE11 0XA
HIGHLIGHTS
- High specification, Grade A office accommodation located in a prominent, highly accessible business location within Team Valley.
- Offering open-plan, fully fitted office accommodation on the first floor benefitting from office partitions, air conditioning, and kitchen facilities.
- The ground floor is currently fully leased on a new 10-year term to SpaMedical (5-year break clause).
- Enjoy an excellent range of amenities with Retail World, Valley Parade, Valley Farm pub/restaurant nearby, and a hotel and health club at Maingate.
- Located adjacent to the A1 Western Bypass, the office offers excellent road accessibility with over 34 buses per hour also serving the site.
OVERVIEW
A new 125-year-long leasehold interest is available at a guide price of £1,250,000. The current ground rent is £5,000 per annum for the building. The ground floor premises are let to SpaMedica with medical use on a new 10-year lease with a 5-year break clause.
The first floor accommodation is also available for lease.
FOR SALE DETAILS
PRICE
$1,250,000 USD
PRICE/SF
$78 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Edge
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
B
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
38
LAND DETAILS
LAND ACRES
3.03 AC
LAND SF
131,987 SF
ZONING
-
APN/PARCEL ID
TY447235
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