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About this property

LOCATION
Balliol Business Park is a well established Business Park located approximately 4 miles north-east of Newcastle upon Tyne City centre. It adjoins the A188 Benton Lane, and enjoys good road links to the A1 and A19 Trunk roads.

The Business Park also has strong public transport links, with Four Lane Ends Bus and Metro Interchange within a 15 minute walk of the property. Also nearby are retail facilities including Greggs and other food outlets, restaurants and a gym.

Occupiers in the vicinity include Greggs, NHS, Home Group and a range of smaller office occupiers.

DESCRIPTION
Hadrian House occupies a prominent position on the main ring road through Balliol Business Park.

It comprises a two-storey detached office building of steel frame and brick construction under a pitched and hipped roof.

Internally, there is a double height entrance atrium, with reception area and meeting room. Beyond the entrance lobby is a mix of cellular and open plan offices, together with a kitchen/rest room, shower and w.c.’s.

The first floor also comprises a range of open plan and cellular offices, together with a glazed conference room and w.c.’s.

The building is heated by a gas fired central heating system to radiators, and also benefits from raised access floors and security system. The building benefits from access to excellent IT connectivity. It also sits in its own landscaped grounds, which include 25 car parking spaces.

ACCOMMODATION
We have measured the property in accordance with the International Property Measurement Standards as extending to 567.36 sq m (6,107 sq ft).

TERMS
The property is held on a long leasehold basis for a term expiring 20 February 2125 at a peppercorn rent.

The property is available for sale, subject to vacant possession, at £745,000 plus VAT. The property may also be available to let.

OUTGOINGS
The property is entered into the Rating List with a rateable value of £51,000. Interested parties should verify this figure with the Local Authority.

VAT
The property is registered for VAT.

LEGAL COSTS
Each party are to bear its own legal costs.

OTHER
ENERGY PERFORMANCE CERTIFICATE
The property has an EPC rating of C-57.
A copy of the EPC and Recommendation Report is available on request.

LOCAL AUTHORITY
North Tyneside Council, Quadrant, The Silverlink North, Cobalt Business Park, North Tyneside, NE27 0BY (Telephone 0345 2000 101)

VIEWING
Strictly by appointment with sole agents, YoungsRPS.

Contact Paul Fairlamb on 07718 523037 or e-mail: paul.fairlamb@youngsrps.com

Location

Stamp duty

Based on a sale price of £745,000 the total amount of stamp duty payable will be:

Last updated: The calculators have been updated following the end of the stamp duty holiday on 30th June 2021. Until the end of September 2021, it represents a staggered return to previous rates.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.