Contact our Newcastle office

0191 261 0300

Granville House, 16 Durham Road, Low Fell, Gateshead
£280,000

LOCATION
* Prominent building front onto busy A167 Durham Road

* Suitable for residential conversion (subject to planning consent)

* Ground floor available at a rent of £20,000 per annum

* Price £280,000



The property is situated approximately ½ mile south of Gateshead town centre and fronts on to the busy A167 trunk road which is a main route through Gateshead into Newcastle City centre and benefits from a high volume of passing traffic. The property is situated in a largely residential area of the town, but is also within easy walking distance of the facilities in the town centre, including the new Trinity Square Shopping Development, Cinema and Metro Interchange station.


DESCRIPTION
The property comprises the ground floor of a two-storey (plus attic) semi-detached building of brick construction under a slate covered pitched and hipped roof. It benefits from external roller shutters to the principal elevation. Internally, the property provides a retail area to the front, with additional ancillary space to the rear and extends to a net internal area of 123.21 sq m (1,326 sq ft).



There are toilets to the ground floor. The first floor is separately accessed from the side of the building and comprises vacant, former residential /office accommodation over first and attic floors. We understand the ground floor of the property has most recently been used for a use falling within use class A2 of the Town & Country Planning (Use Classes) Order 1987. We anticipate the property is suitable for uses falling within use class A2, or for general retail purposes and may be suitable for alternative uses subject to all necessary consents, including planning consent, being obtained.


ACCOMMODATION
The ground floor of the property is available to let by way of a new full repairing and insuring lease for a term of years to be agreed. The whole property is available for sale on a freehold basis.


TERMS
The whole of the property is available for sale on a freehold basis. The ground floor of the property is available to let by way of a new full repairing and insuring lease for a term of years to be agreed.



RENT/PRICE

The whole property is available for sale at £280,000.

The ground floor is available to let at a rent of £20,000 per annum payable quarterly in advance.


OUTGOINGS
The ground floor of the property has a rateable value of £6,200.

The first floor of the property has a rateable value of £9,200.



Interested parties should make enquiries directly with the Local Authority to establish the actual rates payable.


VAT
The property is not registered for VAT and therefore VAT will not be payable on the rent/price.


LEGAL COSTS
Each party is to bear their own legal costs.


OTHER
ENERGY PERFORMANCE CERTIFICATE

The ground floor of the property has an EPC rating of D-89.

The upper floors of the property have an EPC rating of E-123.

Copies of the EPC’s and recommendation reports are available on request.


VIEWING
Strictly by appointment with sole agents, YoungsRPS Newcastle office on 0191 2610300 Ref: Paul Fairlamb or Michael Blake.

Or e-mail: paul.fairlamb@youngsrps.com or michael.blake@youngsrps.com


 

To book a viewing or make an enquiry, please complete this form.

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