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Quicksilver Way, Cobalt Business Park, Newcastle-Upon-Tyne, NE27 0QQ

1

Tenure:

Freehold

Type:

Investment - Offices

Price:

Offers in Excess Of £9,000,000

Size:

55,803 Sq Ft

Cobalt 9C is a 55,803 sq ft high quality, Grade A office building dating from 2012. It has 232 car spaces on a site of 2.96 acres. It benefits from large open floor plates over four floors and an impressive three storey entrance atrium.

The property specification includes:

- Two 12 person passenger lifts
- VRF air conditioning
- Full access raised floors
- 3m clear floor to ceiling height
- LG7 lighting
- BREEAM "Excellent" rating

Floors/Units:
Ground Floor 13677 Sq Ft
First Floor 13677 Sq Ft
Second Floor 13677 Sq Ft
Third Floor 14772 Sq Ft
TOTAL 55803 Sq Ft

Associated files:

  • Cobalt is the largest office park in the UK with over 1.6m sq. ft. of modern office accommodation.
  • BREEAM "Excellent" (2013) Grade A office building of 55,803 sq. ft.
  • Excellent car parking ratio of 1:240 sq.ft.
  • Let to Accenture (UK) Ltd. on leases expiring 20th December 2025.
  • Minimum annual rental of £920,748 pa (£16.50 psf) from 21st December 2020.
  • Long leasehold for 125 years from 29th March 1996 at a peppercorn rent.
  • Offers in excess of £9,000,000.
  • Net initial yield of 9.59% and low capital value of £161 psf.

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