Let on a new lease until June 2034 (subject to option)
Prominent detached premises with significant main road frontage
Potential change of use and residential development (subject to lease and consents)
VAT-free investment
Lot 37
Auction 12th February 2026
Rent £22,000 per Annum Exclusive
Status Sold
Price £200,000
Sector Nursery
Auction Venue Live Streamed Auction
Property Information
Location
Miles
5 miles south-east of Newcastle City Centre, 10 miles north west of Sunderland, 16 miles north of Durham
Roads
A184
Rail
Heworth Railway Station, Heworth Metro, Newcastle Railway Station
Air
Newcastle International Airport
Situation
The property is prominently situated on a main road in a prominently residential area and benefits from being less than 200m from Heworth Railway Station.
Tenure
Freehold.
Location
Miles
5 miles south-east of Newcastle City Centre, 10 miles north west of Sunderland, 16 miles north of Durham
Roads
A184
Rail
Heworth Railway Station, Heworth Metro, Newcastle Railway Station
Air
Newcastle International Airport
Situation
The property is prominently situated on a main road in a prominently residential area and benefits from being less than 200m from Heworth Railway Station.
Tenure
Freehold.
Description
The property comprises a children's nursery arranged on the ground floor only with an entrance hall, lounge, reception office and play areas. The property benefits from car parking at the front for approximately 4 cars.
VAT
VAT is not applicable to this lot.
EPC
Band E.
Description
The property comprises a children's nursery arranged on the ground floor only with an entrance hall, lounge, reception office and play areas. The property benefits from car parking at the front for approximately 4 cars.
VAT
VAT is not applicable to this lot.
EPC
Band E.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground
Nursery
286.00
(3,078)
TOP OF THE TOTS LTD (T/a Top Of The Tots Day Care)
10 years from and including 24/06/2024 (1)
£22,000
24/06/2029
Total
286.00
(3,078)
£22,000
(1) The lease provides for a tenant option to determine on 24/06/2027, subject to six month's written notice.
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.
