Unit 7, Market Dock, Waverley, South Shields, Tyne And Wear, NE33
Annual Rental Of £18,601

FOR SALE / TO LET - MODERN TWO STOREY SELF CONTAINED OFFICE OF APPROXIMATELY 181.90 sq m (1,958 sq ft)

LOCATION
Waverley is conveniently located within easy walking distance of South Shields town centre, Metro station and Ferry Landing close to the rear of Market Square at the junction of River Drive and Long Row. The surrounding area comprises a mixture of commercial and residential schemes.

The development is close to the A19 and A1 with excellent access to the regional road network, Newcastle upon Tyne and Sunderland.

Public transport is excellent. South Shields Metro station is a 5 minute walk away and has frequent bus services operating to and from the local area.

A redevelopment scheme of the adjacent town centre is ongoing and has already seen the refurbishment of the Market Place and the construction of a new Interchange for bus and Metro travel.

DESCRIPTION
Market Dock, Waverley is a contemporary, high specification development of office buildings. Specification includes:

• Two-storey units
• Own front door
• Male/female accessible toilets
• Double glazing
• Gas fired central heating
• Perimeter trunking on ground floor
• Raised access flooring on the first floor
• Exposed feature beams
• LED lighting

ACCOMMODATION
The property provides the following approximate net internal areas:

Unit 7 - 181.90 sq m (1,958 sq ft)

TENURE
Freehold

TERMS
The property is available by way of a new EFRI lease for a term of years to be agreed at an annual rent of £18,601 pax (£9.50 per sq ft).  

Alternatively, we are seeking £170,000 for the benefit of our clients Freehold interest.

RATING ASSESSMENT
We understand that the premises have a rateable value of £15,250 effective from 1st April 2017. It is however, recommended that any interested party confirm the accuracy of this information and the rates payable with the Local Authority. As a new occupier, rights of appeal may exist against the assessment.

ENERGY PERFORMANCE
EPC Rating C 54

LEGAL COSTS
Each party to be responsible for their own costs incurred in this transaction.

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Graham S Hall upon this basis and where silent, offers will be deemed net of VAT.

ANTI-MONEY LAUNDERING REGULATIONS
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the purchaser.

VIEWING
For general enquiries and viewing arrangements please contact Graham S Hall Chartered Surveyors. Alternatively, you may wish to contact our Joint Sole Agents Knight Frank.