Office to let in Quayside, Newcastle Upon Tyne, NE1

LOCATION
Three Indian Kings House is situated in a prominent location on Newcastle’s Quayside between the Tyne Bridge and the Law Courts amongst prime leisure, residential and office facilities. The property benefits from impressive panoramic views of the River Tyne, overlooking The Sage, The Baltic Centre for Contemporary Art and The Tyne and Millennium Bridges.

The property is located within walking distance of Manors Metro Station and Newcastle Central main line and Metro Stations. The QuayLink bus stops alongside the Law Courts. Major road links include the A167 nearby linking with the A1(M), the A194(M) and A69. Newcastle International Airport is only 6 miles away.

Nearby office occupiers include KPMG and Ward Hadaway. The building is close to the Pitcher and Piano, The Malmaison Hotel, Gusto, Greggs and Slug & Lettuce. Newcastle's central shopping area as well as its attractive hotels and restaurants are all within a short distance of Three Indian Kings House.

DESCRIPTION
Three Indian Kings House is a well-known prominent building on the Quayside, with a characteristic triple oriel window feature to the front elevation, setting it apart from other surrounding buildings. It comprises a five-storey building of stone construction under a slate covered pitched roof built in the 1980s in both commercial and residential use.

Internally, both suites benefit from open plan office accommodation to the first floor of the building with a manager’s office/meeting room separated by glazed partitioning. Each suite benefits from gas central heating via radiators, double glazing and surface mounted lighting/uplighters. There are communal kitchen and toilet facilities. There is no lift access to the first floor. On-site parking may be available. Full details on application.

Whilst the accommodation is currently in office use, it could be suitable for a variety of commercial uses, such as medical consultancy, creative art/design studio or for training purposes. Some changes of use may require planning consent.

ACCOMMODATION
We have measured the suites as providing the following net internal floor areas:

East Suite 72.10 sq m (776 sq ft)
West Suite 117.81 sq m (1268 sq ft)

TERMS
Each suite is available to let for a term to be agreed but incorporating a landlord’s option to break 31 December 2024. Each lease is to be contracted out of the Security of Tenure Provisions of the 1954 Landlord & Tenant Act.

The lease is to be drawn on an internal repairing and insuring basis, with a service charge operating for the recovery of a proportion of the Landlord’s costs associated with the repair and insurance of the building and maintenance of common areas. Full details on application.

OUTGOINGS
We understand the suites are entered in the 2023 Rating List with Rateable Values as follows:

East Suite £11,500
West Suite £16,500

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

VAT
The property is not registered for VAT and VAT is not payable on the rent.

LEGAL COSTS
Each party to bear their own costs in connection with the preparation and execution of the lease.

OTHER
RENT
The accommodation is available to let as follows:
East Suite £9,500 per annum
West Suite £15,000 per annum

LOCAL AUTHORITY

Newcastle City Council, Civic Centre, Barras Bridge, Newcastle Upon Tyne (Tel: 0191 232 8520). All figures quoted above are exclusive of VAT where chargeable.

ENERGY PERFORMANCE CERTIFICATE

The East Suite has an EPC rating of D-76.
The West Suite has an EPC rating of D-78.

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

CODE OF PRACTICE FOR COMMERCIAL LEASES
The Code of Practice for Commercial Leases in England and Wales recommends parties intending to enter into leases should seek advice from professionals or lawyers at an early stage. The Code is available through professional institutions and trade associations or through the website, www.commercialleasecodeew.co.uk

VIEWING
Strictly by appointment with sole agents YoungsRPS on (0191) 2610300

Michael Blake:
Email: michael.blake@youngsrps.com
Mobile: 07718 523 060