1. FOR SALE
INVESTMENT
HIGHLIGHTS
• Detached three storey office
building overlooking the River
Tyne on Newcastle Business Park.
• 39 on site car parking spaces.
• Fully let to three strong
occupiers.
• Total rental income.
£108,689 per annum.
• Total net internal floor area
9,442 ft2
(877.5 m2
).
• 999 year ground lease at nil rent.
• Offers in excess of £1.2m
(Just £127 per ft2
capital value)
showing a net initial yield of 8.6%
after allowing for purchaser’s
costs of 5.8%.
• Scope for rental uplift
Asama Court, Newcastle Business Park,
Newcastle upon Tyne NE4 7YD
HIGH QUALITY MULTI LET
OFFICE BUILDING

2. LOCATION
The property is situated prominently on Newcastle’s
premier business park located just one mile to the
west of the city centre.
Newcastle upon Tyne is the North East’s capital city
with a population of approximately 300,000. The city
is served by Newcastle International Airport just 10
miles north west of the property and Newcastle
Central Station, which is on the Virgin Trains East
Coast main line and benefits from 34 trains a day to
London. Newcastle Business Park is directly linked to
the A1 via the dualled A695 Scotwood Road. The
property is also within walking distance of the city
centre. Other occupiers on the estate include British
Airways, the AA and the Environment Agency.
DESCRIPTION
The property comprises a detached three storey office
building with brick elevations and a pitched roof,
served by a lift and with exceptional views across the
River Tyne. There are 39 onsite car parking spaces.

3. ACCOMMODATION
The property has been measured in accordance with the RICS
Code of Measuring Practice (6th Edition) to provide the
following Net Internal Areas:
Occupier Floor Size m2
Size ft2
Parking Space
HRC Group Part GF 156.5 1,684 10
Paterson Tighe
Morton LLP
Part GF 140.5 1,512 8
BAM Nuttall First Floor 292 3,141
21BAM Nuttall Second
Floor
288.5 3,105
Total 877.5 9,442 39
The offices are accessed from a newly refurbished reception
lobby with stair and lift access to upper floors.
Offices are open plan in nature with suspended ceilings,
recessed fluorescent strip lighting and raised floors.
SERVICES
All main services are connected to the property.

4. Tenant HRC Group (IFA) Limited
Guaranteed by Colin
Heseltine
Paterson Tighe Morton LLP
(Guaranteed by
3 individuals)
BAM Nuttall
Floor Part Ground Floor Part Ground Floor First and Second Floor
Lease Start 12 October 2012 10 October 2014 25 December 2011
Lease Expiry 11 October 2017 9 October 2019 24 December 2026
Break Option 12 October 2015
(Not exercised)
25 December 2016 subject
to 9 month break penalty &
25 December 2021 –
3 months notice required
Rent Reviews
Dates
12 October 2015 1 October 2017 and 9
October 2019
1 October 2016 and
1 October 2021
Rent £16,476pa £14,000pa £78,212.50pa
Total Rent £108,689 per annum
TENURE
A 999 year ground leasehold from 29th
March 1991, at nil rent, subject to
occupational tenancies.
All tenancies drawn on effectively full
repairing and insuring leases by way of
service charge.
TENANT INFORMATION
• Bam Nuttall Limited.
• Principle activities include construction and
road and motorway construction.
• www.bamnuttall.co.uk.
• (CRN: 00305189).
Credit Safe Rating 71A – Very low risk.
Accounts for 12/13 show a turnover of
£756m.
• HR Consultancy (IFA) Limited t/a HRC
Group.
• Principle activities include complete
financial management.
• www.hrcgroup.net.
• Credit Safe Rating 95A – Very low risk.
• Paterson Tighe Morton LLP with
3 guarantors. (CRN: 0C380369)
• Principle activities are chartered quantity
surveyors and construction consultancy.
• www.ptm-llp.co.uk.
• Credit Safe Rating 87A – Very low risk.

5. Misrepresentation act:
This property is offered subject to contract,
availability and confirmation of details.
These particulars do not form any contract
and, whilst believed to be correct, parties
are recommended to satisfy themselves as
to their accuracy. The vendors or lessors
cannot make or give any representation
or warranty whatsoever in relation to this
property. Unless otherwise stated, all prices
and rentals quoted are exclusive of any
Value Added Tax to which they may be
subject. April 2015.
EPCs
EPC rating D94 – EPC available
for inspection on request.
VAT
The property has been elected
for VAT and therefore we
would expect the investment
would be treated as a transfer
of a going concern.
PRICE
Offers in excess of £1.2m (One
million two hundred thousand
pounds) which shows a net
initial yield of 8.6% after
allowing for purchaser’s costs
at 5.8%.
VIEWING
Fergus Laird BSc FRICS
Mobile: 07768 063109
Office: 0191 211 1561
Email: ferguslaird@naylors.co.uk
A1(M)
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A194(M)
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A68
A68
A688
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A689
A69
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A1018
A179
A66
A174
A19
A689
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Bishop
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M
onarch Rd
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ethyst Rd
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A167(M)
A167
M
Scotwood Rd
William
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Alswick Rd
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A1
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