Rent: £25,000 - £25,000
Region: Tyne and Wear
Town/City: Newcastle upon Tyne
SITUATION
The unit is prominently situated on Grainger Street within Newcastle City Centre, one of the main thoroughfares connecting Newcastle Central Station and Grey’s Monument.
The location benefits from a mix of retail and leisure uses on the ground floor, with upper floors comprising of private accommodation, as well as being nearby unite students accommodation and Maldon 4-star Hotel. Nearby occupiers include Slug & Lettuce, McDonalds, Greggs, JD Wetherspoons, Wendys, and Dakwala Bombay Canteen making it a vibrant area with high footfall.
ACCOMMODATION
Arranged over ground floor, basement & first floor with atrium and WC’s.
| Ground Floor GIA | 81.6 M² | 878 ft² |
| First Floor | 42.6 M² | 459 ft² |
| Basement | 26.2 M² | 282 ft² |
LEASE TERMS
A new effectively Full Repairing & Insuring lease for a term to be agreed is available at £25,000 per annum exclusive. The property is not presently VAT registered.
EPC
The property has a Energy Performance rating of D. A copy of the EPC is available upon request.
BUSINESS RATES
| Rateable Value | £15,750 |
| 2023/2024 UBR | £0.499 |
| Estimated Rates Payable | £7,859.25 |
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 any VAT that may be payable.
VIEWING
For enquiries, viewing, and general information, please contact:
Pete Townsend
E: pete@atretail.co.uk oliver@atretail.co.uk
M: 07713 151970 07943 836058
Oliver Sunderland
E: oliver@atretail.co.uk
M: 07943 836058
Property type: Retail
Rateable value: £15,750
Planning use: E Class
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