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8 Bankside The Watermark, Tyne and Wear, NE11 9SY

Offices for sale

£285,000
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Total price
1850Sq Ft
Space

HIGH YIELDING SELF-CONTAINED OFFICE INVESTMENT

• Fully let to Deminos Consulting Limited (CRN 10268198) Creditsafe rating 72A. A wholly owned subsidiary of Marlowe plc (Creditsafe rating 78A)

• 1850 ft (172 m) plus 6 car parking spaces

• Income £30,000 per annum

• Ideal for pension fund purchase

• Offers in excess of £285,000, which equates to a net initial unit of 10.2% after allowing for purchasers costs

LOCATION

The property is located on Bankside which forms part of the Watermark development, located adjacent to the Metrocentre and 4 miles east of Newcastle City Centre. The property benefits from excellent transport links being adjacent to the A1 and also benefits from rail and bus connections to Newcastle and the wider area. Close by occupiers include Portland Consulting Engineers, Stokoe Rogers Accountants, Barratt, ITV and Teleperformance.

DESCRIPTION

The property comprises a modern two storey semi-detached office with dedicated car parking. The ground floor has been partitioned to provide a reception area, private offices and kitchen/staff break out area. The first floor is open plan and benefits from feature exposed trussed ceiling.

Listed Features

  • Modern Design
  • Multiple floors
  • Open Plan
  • Parking
  • Reception
  • Use Class - A1
  • Development
  • Office
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