£54,160 pa

Office to let

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Just added

£54,160 pa

(£10.01/sq. ft. pa)

Office to let

Pennine House, Washington NE37

5,412 sq. ft

Available immediately

Local area information

Property location

Nearby amenities

  • Oxclose Primary Academy 0.4 miles
  • St John Boste Roman Catholic Voluntary Aided Primary School 0.4 miles
  • Chester-le-Street 3.4 miles
  • Heworth 3.9 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Town centre office suite
  • Totaling 5412 ft2 (502.77 m2)
  • Well-presented and re-fitted 2020
  • With 12 car parking spaces
  • Adjacent to Galleries Shopping Centre
  • Rent inclusive of service charge and utility costs
Location
Pennine House sits immediately adjacent to The Galleries Shopping Centre at the intersection of the Washington Highway (A182) and the A1231 providing immediate access to the A1M. The adjacent Galleries shopping centre and retail park offers excellent retail, leisure and food and beverage facilities.

Description
The suite is located on the 3rd floor and is currently occupied by Gentoo who re-fitted the premises to a high standard in 2020 comprising general office together with a number of private meeting rooms and break out areas accessed via a passenger lift and central stairwell. The premises benefit from 12 car parking spaces.

We are advised that the lease is fully inclusive of service charge and utility costs.

Accommodation
The property briefly comprises as follows:-
ft2 m2
Offices
Net Internal area 5412 502.77

Externally
12 car parking spaces

Tenure
The property is available by way on assignment of the current lease held for a 15 year term from 16th November 2020 at an annual rental of £54,160 subject to 5 yearly rent reviews. The lease contains a tenant option to break at the 10th anniversary (November 2030) with a further 9 month rent free incentive available if the break is not exercised. We are advised the rent is inclusive of service charge and utility costs.
VAT

Figures quoted exclude VAT where chargeable.

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.

Viewing
Contact – Mario Jaconelli or Alexa Reavley


• Rateable Value (rv)
The Valuation Office has confirmed the property is currently held under 3 separate assessments with a combined Rateable Value of £44,750. The Uniform Business Rate for the Rates Year 2025/2026 is 49.9p If necessary, a written request should be made to the Local Authority for confirmation.

Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.

Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.

Ref
C4326
EPC

Energy Rating 116/E

More information

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