WATERSIDE HOUSEWATERSIDE HOUSE Sunderland Enterprise Park, Wearfield, Sunderland SR5 2TZ

FOR SALE / TO LETHigh Quality Grade A Office building providing 36,718 sq ft

Waterside House is located on Sunderland Enterprise Park to the west of Sunderland City Centre. Sunderland is approximately 12 miles south east of Newcastle upon Tyne and approximately 13 miles north east of Durham.

Sunderland is well connected with easy access to both the A19 and A1(M) and Sunderland rail station connecting to Newcastle, Durham and London Kings Cross. The Tyne & Wear Metro links to Newcastle city centre and on to Newcastle International Airport.

LOCATION

WATERSIDE HOUSE

Waterside House is situated to the north side of the River Wear, only 2 miles west of Sunderland City Centre, and a short distance from the new Northern Spire bridge crossing.

The A1231 Wessington Way, which lies immediately to the north of the property, is considered to be the main arterial route to the city centre and links to both the A19 and A1(M).

SITUATIONLocal occupiers include: Hylton Riverside Retail Park – Argos Extra, B&M, Pets at Home, Matalan, Sainsbury Superstore, Sunrise Enterprise Park and Southwick Industrial Estate. There is also a DW Fitness First Gym in the local vicinity.

Sunderland City CentreStadium of Light

Sainsbury Superstore

Northern SpireWATERSIDE HOUSE

DW Fitness Gym

Pallion Retail Park

A1231 Wessington Way

R I V E R W E A R

WATERSIDE HOUSE

WATERSIDE HOUSE

The available accommodation provides the following net internal areas:

ACCOMODATION

ACCOMMODATION SQ M SQ FT

Second Floor 1,138.38 12,253

First Floor 1,136.85 12,237

Ground Floor 1,135.99 12,228

TOTAL 3,411.22 36,718

The accommodation is available either as a whole or on a floor by floor basis.

Waterside House provides versatile open plan accommodation with excellent natural light which is well suited to contact centre, shared service and administrative functions.

The floor plate benefits from four points of access allowing for easy subdivision and flexibility.

Consideration will be given to splitting floors.

DW Fitness Gym

WATERSIDE HOUSE

SPECIFICATION

Waterside House is a three-storey office building of steel frame construction with brick clad and glazed elevations under a pitched tiled roof.

The property benefits from the following internal specification:

• Suspended ceilings

• Air Conditioning

• Raised access floors

• Floor to ceiling height of 2.98m

• WC’s to all floors

• 2 x Passenger lifts

• Car parking ratio of 1:211 sq ft

WATERSIDE HOUSE

TERMSThe premises are available by way of an effectively full repairing and insuring lease by way of a service charge, for a term to be agreed.

RENT£11.50 per sq. ft. exclusive of VAT, business rates, service charge and all other outgoings.

PRICEAlternatively, the property is available for sale with vacant possession seeking offers in excess of £1,850,000 exclusive of VAT.

RATINGAccording to the VOA website the property has a rateable value of £310,000, reflecting £4.26 per ft. payable based on the 2019/2020 multiplier of £0.504. However all interested parties should satisfy themselves in respect to the precise rates payable.

SERVICE CHARGEThere is a service charge in place to recover the costs of the landlord’s upkeep of the common areas and external structure of the building, figures available upon request.

EPCThe property has been assessed with a rating of C(69). Further details can be provided upon request.

WATERSIDE HOUSE

0191 223 5800cushmanwakefield.co.uk

Greg Davison

T: 0191 223 5710 M: 07810 778896E: greg.davison@cushwake.com

Patrick Matheson

T: 0191 594 5015 M: 07796 192 356E: patrick.matheson@knightfrank.com

Strictly by appointment with the joint agents.

VIEWING

Cushman & Wakefield Debenham Tie Leung Limited ("C&W") and Knight Frank give notice to anyone who may read these particulars as follows: 1. These particulars are prepared for the guidance only of prospective purchasers. They are intended to give a fair overall description of the property only and do not constitute any part of an offer or contract. 2. Any information contained in these particulars (whether in the text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact or that the property is in good condition or otherwise nor that any services or facilities are in good working order. 3. The photographs appearing in these particulars show only certain parts and aspects of the property at the time when the photographs were taken. Certain aspects may have changed since the photographs were taken and it should not be assumed that the property remains precisely as displayed in the photographs. Furthermore no assumptions should be made in respect of parts of the property which are not shown in the photographs. Any areas, measurements or distances referred to herein are approximate only. 4. Where there is reference in these particulars to the fact that alterations have been carried out or that a particular use is made of any part of the property this is not intended to be a statement that any necessary planning, building regulations or other consents have been obtained and these matters must be verified by any intending purchaser. 5. No person in the employment of C&W or Knight Frank have any authority to make or give any representation or warranty whatsoever in relation to this property. 6. This property is offered subject to contract and unless otherwise stated all rents are quoted exclusive of VAT. 7. Unless otherwise stated, no investigations have been made by or on behalf of C&W and Knight Frank regarding pollution, or potential land, air or water contamination. Interested parties are advised to carry out their own investigations as required. Particulars prepared June 2019.

Designed & produced by www.creativestreakdesign.co.uk ref: CSD/1267

Sunderland Enterprise Park, Wearfield, Sunderland SR5 2TZ

NEWCASTLE

CRAMLINGTON

SUNDERLAND

DURHAM

GATESHEAD

NewcastleInternational Airport

RIVER TYNE

RIVER W

EAR

TYNE TUNNEL

Tynemouth

Whitley Bay

South Shields

NewcastleCentral Station

Teesside& South

A1

A1(M

)

A1(M

)

A19

A19

A19

A194(M

)

A1

A1

Morpeth& North

A191

A190

Killingworth

A189

A188

A188

A187

A186

Wallsend

A186 A1058

A1058

A1231

A1231

Durham& South

Teesside& South

A1018

A1018A690

A194

Tyne & Wear MetroNational RailRiver Tyne FerryWaterside House

North EastSouth Portfolio

North EastNorth Portfolio

Rothbury

Wooler

Bellingham

HexhamHaltwhistle

Alnwick

OtterburnKielder

Morpeth

Ashington

DURHAM

SUNDERLAND

Peterlee

MIDDLESBROUGH

NEWCASTLETynemouth

Holy Island

Blyth

South Shields

GatesheadPrudhoe

Consett

Crook

Seaham

Hartlepool

Bishop Auckland

Darlington

Stockton-on-Tees

Berwick upon Tweed

NewcastleInternational

Airport

Durham TeesValley Airport

A1231

A68

A68

A68

A68

A68

A696

A697

A697

B634

1

A1068

A695

A689

A688

A689

A693

A692A694

A691

A181A690

A167

A167

A1

A1

A19

A19

A19

A19

A1(M)

A1(M)

A1

A6088

A172

A171

A174

A686

A1

A68

A690

A69

A66

A66

A66

A66

WATERSIDE HOUSE