Marquis court, Kingsway South, Team Valley, Gateshead, NE11 0RU

Description

High yielding prime B1 office park investment.

Team Valley Trading Estate is the North Easts Premier Commercial Estate located immediately adjacent to the A1 just to the south of Newcastle City Centre.

The property comprises a well laid out state of two storey B1 office buildings clad in brick under pitched slate roofs with attractive two storey entrances providing good quality B1 office accommodation.

Extend leases with the existing tenants, many of whom have been in occupation for a long time.  Increase rents from a very low base.  Strong owner occupier market, opportunities to sell units at a level in excess of investment value.

The property is held on a 125 year lease from 1st March 1990 at a peppercorn, there are therefore 98 years unexpired.

Address

Marquis court, Kingsway South, Team Valley
Gateshead
NE11 0RU