Whickham, 38 – 42 Front Street

Rent: £34,000 - £34,000

Region: Tyne and Wear

Town/City: Newcastle upon Tyne, Whickham

SITUATION
The subject property is prominently located on Whickham Front Street, close to its junction with Rectory Lane. Whickham is 7 miles west of Newcastle upon Tyne and 1 ½ miles south of the Metro Centre/A1 (M). There are car parking facilities a short walk from the premises.

 

ACCOMMODATION
A split-level property arranged over ground and first floors.

Ground Floor	132m²	1,425ft²
First Floor Offices/Staff	82m²	878ft²

LEASE
The premises are occupied by way of three leases, details of which are found below: –

38/40 Front Street – The premises are held by way of a FRI lease for a term expiring 17th June 2028 at a passing rental of £9,275 per annum exclusive. Subject to BO 17th June 2023.
42 Front Street – The premises are held by way of a FRI lease for a term expiring 17th June 2028 at a passing rental of £17,225 per annum exclusive. Subject to BO 17th June 2023.
Bank Extension – The premises are held by way of an effective FRI lease for a term expiring 28th September 2064 at a passing rental of £7,500 per annum, subject to 7 yearly rent reviews.
Further details available upon request.

 

EPC
Further details of the Energy Performance Certificate to follow.

 

BUSINESS RATES

Rateable Value	£31,000
2022/2023 UBR	£0.499
Estimated Rates Payable	£15,469

Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

 

COSTS
Each party is to be responsible for their own legal/professional costs incurred with this transaction.

 

VAT
All figures quoted are exclusive of VAT and other charges where applicable.

 

VIEWING
For enquiries, viewing, and general information, please contact:
Jonathan Chapman
E: jonathan@atretail.co.uk
M: 07949 938210