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Industrial for sale

£25,000 (£14.29/sq. ft)

Fifth Avenue, Team Valley Trading Estate, Gateshead NE11

1,749 sq. ft*
Interested in this property? Call +44 191 686 1492 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Joinery Business
  • Well Established
  • Would Suit a Variety of Buyers
  • Rented Premises
  • Excellent Location
  • Good Access to Transport Routes

Property description

Summary

'Gateshead Joinery' is a specialist and traditional joinery business well located within Team Valley Trading Estate, Gateshead. We offer the business for sale with the benefit of a well known name in and around the region, a continuing and steady flow of private and trade orders and retention of the longstanding existing premises on new lease terms ensuring continuity at the location.

The business and how it can be sold would potentially suit a wide range of buyers. Typically we would expect that this would be worthy of serious consideration to existing businesses operating in a slightly different market where the acquisition of this business would compliment their existing operation. Alternatively, we feel that this would be a great opportunity for a successful specialist working as a sole trader looking to take their business to the next level.

Our clients fully expect to and are happy to discuss order and account details, plant and machinery and potential for retention of expertise with prospective buyers on site. All viewings must be made by appointment through the agent.

Location

The property is located within Team Valley Trading Estate situated adjacent to the A1, just south of Gateshead and approximately two miles south of Newcastle City Centre. The estate is a commercial centre for the area and home to a number of major national occupiers. The estate has excellent transport links offering access to bus routes and excellent road links north and south bound via the A1.

Accommodation

The subject premises are rented and we are advised that new terms have been agreed with the landlord.

The unit is a single storey mid terrace industrial building provided vehicular access and client access to the front and car parking.

The internal layout mainly comprises workshop floor space, office and staff facilities.

Gross internal area. 162.5sqm (1749sqft).

Plant List

There are several parts of machinery which are included in the sale of Gateshead Joinery, they have been independently valued and make up a portion of the sale price.

The following items are included:
- Fork lift truck
- Wadkin morticer
- Wadkin radial saw
- Bandsaw sn 460
- Robland panel saw
- Paolini spindle moulder
- elu pull down saw
- Mini-Mac planer thicknesser
- Compressor
- Mitre Cutter
- Pallet Truck

There are also various small tools including bench grinders, power tools and extractor system which also form part of the sale.

Business Details

'Gateshead Joinery' is aspecialist and traditional joinery business well located within Team Valley Trading Estate, Gateshead. We offer the business for sale with the benefit of a well known name in and around the region, a continuing and steady flow of private and trade orders and retention of the longstanding existing premises on new lease terms ensuring continuity at the location.

The business and how it can be sold on would potentially suit a wide range of buyers. Typically we would expect that this would be worthy of serious consideration to existing businesses operating in a slightly different market where the acquisition of this business would compliment their existing operation. Alternatively, we feel that this would be a great opportunity for a successful specialist working as a sole trader looking to take their business to the next level.

The unaudited accounts up to the period ending 31 March 2016 show a gross turnover of 78,311 and a gross profit of 30,878 after costs of sales. The accounts will be discussed in detail on confirmation of serious interest direct with our clients.

Lease Terms

We are advised that new lease terms have been agreed and are in the process of being adopted between our client and the landlord. This will be for three years. The lease is due to commence 30 September 2016. The rent has been agreed and will be stepped as 8,500PA for the first year, 10,000PA for the second year and 11,100PA for the third year.

Rateable Value

The adopted rateable value being 10,000 as effective from 01 April 2010.
Source .

EPC

Available upon request.

VAT

Unless otherwise stated, all stated figures are expressed exclusive of VAT. We are informed that VAT is not payable on this transaction.

Additional Information

For further information please contact our office direct on , or alternatively via e-mail on . With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Property info

What Zoopla users think of Team Valley Trading Estate

Overall rating:

  • currently 3.5 stars
Good - 73%

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
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  • 5
Entertainment & nightlife
  • currently stars
  • 1
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  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
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  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
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  • 4
  • 5
Schools & public services
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  • 1
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  • 5
Transport & travel
  • currently stars
  • 1
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Nearby transport

  • Dunston (2.2 miles)
  • Heworth (2.9 miles)
  • Newcastle (3.1 miles)
  • Newcastle Airport (8.6 miles)
  • Durham Tees Valley Airport (29.6 miles)
  • Leeds Bradford International Airport (73.2 miles)
  • Newcastle International Ferry Terminal (8.0 miles)
  • South Shields Ferry Terminal (8.5 miles)
  • North Shields Ferry Terminal (8.6 miles)

Nearby schools

View all schools in Gateshead
  • Oakfield Infant School (0.4 miles)
  • Oakfield Junior School (0.5 miles)
  • Harlow Green Community Primary School (0.8 miles)
  • Yeshiva Lezeirim Preparatory Academy (2.1 miles)
  • Gateshead College (3.0 miles)
  • NCG (3.0 miles)
  • Joseph Swan Academy (0.3 miles)
  • The Cedars Academy (0.8 miles)
  • Dryden School (1.4 miles)
Note: Distances are straight line measurements

Local info for Gateshead

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Pattinson - Commercial, NE1 on +44 191 686 1492 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pattinson - Commercial, and do not constitute property particulars. Please contact Pattinson - Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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