Chad House, Tynegate Tryangle, Gateshead, Tyne & Wear, NE8 3HY

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1 BNP Paribas Real Estate One Trinity Gardens Broad Chare Newcastle upon Tyne NE1 2HF Tel: +44 (0) Fax: +44 (0) Development Opportunity For Sale Chad House, Tynegate Tryangle, Gateshead, Tyne & Wear, NE8 3HY 3,776 sq m (40,641 sq ft) 1960 s multi-storey office building 103 car parking spaces Close proximity to Gateshead town centre Potentially suitable for conversion to residential use subject to consents Available with vacant possession.

2 Location Tynegate Tryangle fronts Sunderland Road in the southern fridge of Gateshead Town Centre and is adjacent to the A167 Gateshead Highway. The site is close to the Baltic Arts Centre and the Sage Music Centre on Gateshead Quayside. Newcastle City Centre is approximately 1.5 miles to the north and the A167 Gateshead Highway links directly with the A1 Gateshead Western By-pass, approximately 3 miles to the south. Description Tynegate Tryangle comprises three purpose built office buildings developed in the 1960 s known as Chad House, Aidan House and Bede House. Chad House is a 10 storey building consisting of eight levels of office accommodation with a net internal floor area of approximately 3,776 sq m (40,641 sq ft) and around 103 under croft car parking spaces split across two levels. The offices are served by two passenger lifts accessed from the building reception. The property is potentially suitable for residential conversion to provide key worker, student or low cost accommodation. Preliminary assessments indicate the potential for units subject to size. Planning The Local Planning Authority, Gateshead Council have indicated their aspiration to see the future regeneration of the building for either office or residential use. The Exemplar Neighbourhood Supplementary Planning Document (SPD) provides guidance for development within the Exemplar Neighbourhood site as identified in the Urban Core sub area of the Southern Gateway. The document is designed to influence and inspire the development of buildings both within the Council s ownership and in private ownership. Conversion to residential use is suggested as acceptable under this guidance although interested parties should make their own enquiries. Services The property benefits from all main services. Tenure/Price Chad House is held within the residue of a long lease for a term of 125 years less 5 days from 3 rd March 1990 subject to the payment of a ground rent. Further details are available on application. Misrepresentation Act 1967: BNP Paribas Real Estate Advisory & Property Management UK Limited and Mason Partners LLP for themselves and for the vendor(s) or lessor(s) of

3 VAT All figures within these terms are exclusive of VAT where chargeable. Costs Each party is responsible for their own surveyor s and solicitor s fees and costs incurred within this transaction. Energy Performance Certificate The property has been assessed as an EPC B further details on request. Contact Details, Viewing and Further Information Strictly by prior appointment via joint agents BNP Paribas Real Estate and Mason Partners LLP. BNP Paribas Real Estate Aidan Baker aidan.baker@bnpparibas.com +44 (0) Mason Partners LLP Jon Swain jonswain@masonpartners.com +44 (0) Felicity Fairless felicity.fairless@bnpparibas.com +44 (0) Subject to Contract June 2014 Misrepresentation Act 1967: BNP Paribas Real Estate Advisory & Property Management UK Limited and Mason Partners LLP for themselves and for the vendor(s) or lessor(s) of

4 Misrepresentation Act 1967: BNP Paribas Real Estate Advisory & Property Management UK Limited and Mason Partners LLP for themselves and for the vendor(s) or lessor(s) of

5 Misrepresentation Act 1967: BNP Paribas Real Estate Advisory & Property Management UK Limited and Mason Partners LLP for themselves and for the vendor(s) or lessor(s) of