No longer on the market
This property is no longer on the market
MapCommercial development
EV charger
Commercial development
Features and description
- Investment for Sale
- Modern Garage and Office Building
- Large Secure Compound
- Gross Internal Area: 444.63 sqm (4786 sqft)
- Let to Phoenix Taxis (North East) Ltd
- Passing Rent: £40,325 pa
- Guide Price: £425,000
Location - The property which is positioned on the north side of Albion Way forms part of the south Albion Retail Park development which in turn lies approximately 0.5 miles to the west of Blyth Town Centre. The property is within close proximity of the A193 (Cowpen Road) which provides direct access to the A189 (Spine Road) which bypasses the town to the west.
Nearby occupiers include Marvin's Close Academy, Farm Foods, Franks Carpets and B&M.
Description - The property comprises a modern 2 storey building which includes a fully fitted vehicle garage/workshop together with ancillary accommodation. Externally there is car parking to the front of the property including electric vehicle charging ports alongside a dedicated concrete surfaced washing pad.
To the rear of the building there is a large enclosed secure regular and level compound which is used for vehicle storage purposes.
Accommodation - The building has a Gross Internal Area (GIA) extending to 444.63 sqm (4786 sqft)
Compound - 0.25 hectares (0.6 acres)
Lease Details - The property is offered Freehold subject to an existing lease to Readypay Ltd.
The lease is drafted on FRI terms for a 5 year term effective from 1st February 2024. The passing rent is £40,325 per annum.
Terms - The Freehold interest is available at offers in excess of £425,000.
Epc Rating - TBC
Vat - All prices quoted are exclusive of VAT at the prevailing rate.
Money Laundering - In accordance with the Anti-Money Laundering Regulations the Purchaser will be required to provide two forms of identification and proof of the source of income.
Legal Costs - Each party will be responsible for their costs in the transactions.
Nearby occupiers include Marvin's Close Academy, Farm Foods, Franks Carpets and B&M.
Description - The property comprises a modern 2 storey building which includes a fully fitted vehicle garage/workshop together with ancillary accommodation. Externally there is car parking to the front of the property including electric vehicle charging ports alongside a dedicated concrete surfaced washing pad.
To the rear of the building there is a large enclosed secure regular and level compound which is used for vehicle storage purposes.
Accommodation - The building has a Gross Internal Area (GIA) extending to 444.63 sqm (4786 sqft)
Compound - 0.25 hectares (0.6 acres)
Lease Details - The property is offered Freehold subject to an existing lease to Readypay Ltd.
The lease is drafted on FRI terms for a 5 year term effective from 1st February 2024. The passing rent is £40,325 per annum.
Terms - The Freehold interest is available at offers in excess of £425,000.
Epc Rating - TBC
Vat - All prices quoted are exclusive of VAT at the prevailing rate.
Money Laundering - In accordance with the Anti-Money Laundering Regulations the Purchaser will be required to provide two forms of identification and proof of the source of income.
Legal Costs - Each party will be responsible for their costs in the transactions.
Property information from this agent
About this agent
R.A Jackson & Son is a family-owned Estate Agency which has developed a reputation for personal service since 1830. Whether you are a first time buyer, trading up or down - we have the property for you. Our experienced and efficient staff will guide you through every aspect of moving home. Let us take the strain. If you are selling your home we will be pleased to add your property to our Internet database which is viewed weekly by thousands of people from all over the UK and abroad. This is a free of charge and an extremely effective service. Our office is open from Monday to Friday from 9am until 5pm and on Saturdays from 9am until Noon. Press the Contact Agent button or call the number displayed.