Rent: £9,000 - £9,000
Region: Northumberland
SITUATION
The premises occupy a strong, central position on Hide Hill, one of the principal retail thoroughfares in the Town Centre. Neighbouring retailers include Ladbrokes, Newcastle Building Society, Barclays and Subway and more.
ACCOMODATION
Arranged on ground floor with rear ancillary storage and WC facilities.
| Ground Floor Sales | 35.1 m² | 378 ft² |
| Ground Floor Ancillary | 11 m² | 118 ft² |
| Ground Floor Storage | 1.8 m² | 19 ft² |
LEASE TERMS
A new Full Repairing & Insuring lease for a term to be agreed is available at £9,000 per annum exclusive.
EPC
The property has a Energy Performance Certificate of E(107). A copy of the EPC is available upon request.
BUSINESS RATES
| Rateable Value | £7,300 |
| 2024/2025 UBR | £0.499 |
| Estimated Rates Payable | £3,643 |
Given the Rateable Value is below £12,000, the current rates relief for the property equates to 100% discount for most occupiers. 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 costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.
VIEWING
For enquiries, viewing, and general information,
please contact:
Ian Thurlbeck
T: 0191 280 4236
M: 07515 831 417
Oliver Sunderland
T: 0191 280 4237
M: 07943 836 058
Property type: Retail
Rateable value: £7,300
Planning use: E Class
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