Parkhouse Industrial Estate East, ST5

LOCATION

Prominently located with frontage to the A34 the property occupies an elevated position at the junction with Parkhouse Road East and Talke Road (A34) approximately 3½ miles to the north of Newcastle town centre and within 1 mile of the A500. Junction 16 of the M6 is approximately 4 miles via the A500.

DESCRIPTION

APV House is an imposing and uniquely designed three storey office premises originally constructed in the 1980's of an appearance ahead of its time. The building is steel framed and is arranged internally with a central service column in which the lift shafts, staircases and toilet facilities are located leaving the remaining areas open plan. Elevations are finished in composite panelling with extensively double glazed areas, creating a light and airy feel internally. Ceilings are suspended throughout within which an extensive number of air conditioning units and there is under-floor cabling. Externally there are a number of surfaced parking areas providing 150 spaces plus 2 disabled car parking spaces.

ACCOMMODATION

Accommodation/Tenancy Schedule

Suite SizeLet To:

Ground Floor, Suite 1 2,070 sq.ft. VACANT£17,595 PAX

Ground Floor, Suite 2 1,937 sq.ft. True Connectivity Ltd

Ground Floor, Suite 3 1,290 sq.ft.VACANT£10,320 PAX

Ground Floor, Suite 4 1,100 sq.ft.One Sure Insurance

Ground Floor, Suite 5 3,870 sq.ft. VACANT£32,875 PAX

First Floor, Suite 6 3,875 sq.ft.Fedex

First Floor, Suite 7 1,650 sq.ft. RCB Solutions

First Floor, Suite 8 2,855 sq.ft.Park Foster Care - Care Tech

First Floor, Suite 8A 950 sq.ft. Park Foster Care - Care Tech

2nd Floor, Suite 9 6,000 sq.ft. RELEX Solutions UK Ltd

2nd Floor, Suite 10 2,781 sq.ft. Fedex UK Ltd

Total Gross Annual Income: £201,408

Total Gross Annual Potential Income: £229,238

(The Tenancy Schedule and leases can be made available on request)

SERVICES

All mains services are connected. There is a gas fired central heating system that serves the whole building (the cost of which is recouped via the service charge). Individual suites are metered for electricity and all of the suites are air conditioned. No services have been tested by the agents.

TERMS

Available freehold, subject to contract and with the current leases in place.

OUTGOINGS

BUSINESS RATES FOR THE VACANT SUITES

Suite 1 (Ground Floor)

Rateable Value £11,750

Rates Payable: £5,475.50 pa (18/19)

Suite 3 (Ground Floor)

Rateable Value: £7,200

Rates Payable: £3,355.20 pa (18/19)

Suite 5 (Ground Floor)

Rateable Value: £28,750

Rates Payable: £13,397.50 pa (18/19)

VAT

VAT is applicable at the prevailing rate.

SERVICE CHARGE

The Service charge is calculated at around £5.25/sq.ft

OTHER

EPC

There are currently 6 EPC’s relating to the whole property, details of which can be made available on request.