Leazes Park Road, Newcastle upon Tyne, NE1 4PG

£450,000

Overview

Office Accommodation with 4/5 car parking spaces

Location The property is located on Leazes Park Road, to the north west of the city centre. The premises are within the Leazes Park conservation area which remains a popular inner city residential and commercial location. The conservation area links the main retailing core of the city centre to Leazes Park, Newcastle University and the RVI Hospital. The property is located very close to St James Park and Eldon Square. Description The property is two linked properties, 52 and 54 Leazes Park Road. 52 Leazes Park Road is an older, three storey office property which is a Listed Building, 54 Leazes Park Road was built around 30 years ago and sympathetically blends in with the historic buildings on Leazes Park Road. The offices are over three storeys, with associated WC and kitchen facilities, the property benefits from 4/5 car parking spaces to the rear. Accommodation The existing property has been measured on a Net Internal Area (NIA) Basis: Ground Floor 99.5 m2 1,071 ft2 First Floor: 125.4 m2 1,350 ft2 Second Floor: 101.9 m2 1,097 ft2 Total: 326.8 m2 3,518 ft2 *Note there is boarded up loft space in addition that has been used for file storage. Business Rates & Council Tax Assessment: The property is listed in the 2017 Rating List on the Valuation Office Agency Website (www.voa.gov.uk) as follows: Description: Rateable Value: Offices & Premises: £29,500 Car Parking Spaces: £3,550 The current business rates multiplier is 47.9p in the £. Services: We understand that the property benefits from all mains services, but suggest interested parties make their own enquiries in this regards. Planning: We understand that the property has consent for its current use; potential tenants should make their own enquiries. Please direct all planning enquiries to Newcastle City Council Planning Department. Tenure: 52 Leazes Park Road – Freehold 54 Leazes Park Road – Long Leasehold The long leasehold title in 54 Leazes Park Road has circa 99 years unexpired term at a peppercorn rent. The long leasehold title relating to 54 Leazes Park Road contains a user clause to use the accommodation as office accommodation and no other use whatsoever. Price: £450,000 (Four Hundred & Fifty Thousand Pounds) VAT: We have been advised that VAT is NOT payable on the sale price.

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