Summary - OFFICE 3 FIRST FLOOR WEST WING, UNIT 1 COBALT 3, SILVER FOX WAY NE27 0QJ
1 bed 1 bath Office
High-yield, purpose-built office on Cobalt Business Park with immediate income..
- Approximately 41,901 sq ft purpose-built office building
- Gross income about £323,000 per annum from mixed tenancies
- 122 marked car spaces; rights to use specific bays, not all demised
- Prime Cobalt Business Park location with A19/A1058 access
- EPC rating B; built circa 2000, three-storey layout
- Public notice/repossession recorded — due diligence advised
- Very slow broadband speeds; mobile signal excellent
- Local area: above-average crime and signs of deprivation
A substantial purpose-built office building on Cobalt Business Park offering immediate rental income and long-term asset scale. The three-storey property extends to approximately 41,901 sq ft and generates a gross income of about £323,000 per annum from a mix of serviced offices and traditional lettings — attractive for investors seeking an operational business centre in a prime business-park location.
The building sits at the junction of the A19 and A1058, ten minutes from Newcastle city centre, with excellent road links and frequent bus and shuttle services to nearby Metro stations. Externally there is a large surfaced car park with 122 marked spaces (rights to use specified spaces are detailed separately). The property was constructed circa 2000 and holds an Energy Performance Certificate of B.
Buyers should note several material points: title information references a long leasehold expiring 20 March 2121 (96 years remaining), while summary data also lists Freehold — prospective purchasers must verify tenure and title. There is an active public notice/repossession flagged; the tenancy schedule and current occupancy details should be checked. Local conditions include above-average crime rates, area deprivation, and very slow broadband speeds, though mobile signal is excellent. Car parking provision is strong but some spaces are defined by rights rather than exclusive demise.
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