A4 Kingfisher House, Kingsway North, Team Valley Trading Estate Gateshead Tyne & Wear NE11 0JQ

A4 Kingfisher House, Kingsway North,
Team Valley Trading Estate
Gateshead
Tyne & Wear
NE11 0JQ

Virtual Freehold Office Suite Investment

Let to Education Development Trust (Registered Charity)
Comprises a Large Open Plan Office Suite
Located on the well established Team Valley Trading Estate
Full Repairing and Insuring Lease
Neighbouring Occupiers include Dulux Decorator Centre, UPS, Enterprise House, 5th Avenue Business Park, and Sports Direct
Guide Price at an Attractive 56% Gross Yield

Lot
43
Auction
15th May 2025
Rent
£28,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

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Virtual Freehold Office Suite Investment

Let to Education Development Trust (Registered Charity)
Comprises a Large Open Plan Office Suite
Located on the well established Team Valley Trading Estate
Full Repairing and Insuring Lease
Neighbouring Occupiers include Dulux Decorator Centre, UPS, Enterprise House, 5th Avenue Business Park, and Sports Direct
Guide Price at an Attractive 56% Gross Yield

Lot 43
Auction 15th May 2025
Rent £28,000 per Annum Exclusive
Status Sold Post
Price
Sector
Office
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 2 miles south of Newcastle City Centre, 15 miles north of Durham
Roads: A1, A692, B1426
Rail: Percy Main Metro, Newcastle Rail
Air: Newcastle International Airport

Situation

Kingfisher House is situated on the east side of Kingsway North at its junction with Fourth Avenue in the well established Office and Industrial location in Team Valley Trading Estate.

Kingsway North is the Principle Avenue that bisects North to South, the busy and well established Team Valley Trading Estate which benefits from being immediately adjacent to the A1, Great North Road.

Tenure

Long Leasehold. Held for a term of 125 years from 31st March 1989 until 2114 at a fixed peppercorn rent.

Location

Miles: 2 miles south of Newcastle City Centre, 15 miles north of Durham
Roads: A1, A692, B1426
Rail: Percy Main Metro, Newcastle Rail
Air: Newcastle International Airport

Situation

Tenure

Long Leasehold. Held for a term of 125 years from 31st March 1989 until 2114 at a fixed peppercorn rent.

Description

The property comprises an attractive first floor office suite within a multi-occupied office development.

The property is registered under Title Number TY25093 and is accessed via a communal reception area.

VAT

VAT is not applicable to this lot.

Note

An interest declared pursuant to s21. of The Estate Agents Act 1979.

EPC

Band C

Description

VAT

VAT is not applicable to this lot.

Note

An interest declared pursuant to s21. of The Estate Agents Act 1979.

EPC

Band C

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
First	Offfice	374.60 (1)	(4,032) (1)	EDUCATION DEVELOPMENT TRUST (CRN: 00867944) (2)	3 years from 29/09/2023 until 28/09/2026	£28,000

(1) The floor areas stated are those published by the Valuation Office Agency at https://www.tax.service.gov.uk/business-rates-find/valuations/start/2098678000
(2) The Tenant has occupied the property since at least March 2017. Education Development Trust (CRN: 00867944) are a charity registered under Charity Number 27091 and practice to improve Education System around the world, see edt.org. For the year ended 31st August 2024, Education Development Trust reported an income of £80,388,000 and Total Funds of £24, 283, 000., (Source: Annual Report 2023/2024 as Published at Companies House on the 23rd April 20245).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.