Rent: £Price on Application
Town/City: Newcastle upon Tyne
SITUATION
The unit occupies a prominent spot towards the top of the iconic business and leisure street of Grey Street in Newcastle city centre. Grey Street is undergoing significant placemaking measures to pedestrianize and promote pavement trade from the leisure occupiers and benefits from multi-storey car parking and metro stations nearby.
To the rear includes flagship redevelopment of the street to house HMRC’s head office, a new 5-star hotel, as well as further office and leisure developments.
ACCOMMODATION
Arranged over ground & basement with loading provisions to the rear on Greys Court, the unit provides the following accommodation:
| Ground Floor Sales | 72 sqm | 777 sqft |
| Basement Staff/Store | 38 sqm | 407 sqft |
LEASE TERMS
A new Effective Full Repairing & Insuring lease for a 10 year term to be agreed and subject to 5 yearly rent reviews. Rent upon application.
EPC
An Energy Performance Asset Rating is Band B (46). A full copy of the EPC is available upon request.
BUSINESS RATES
| Rateable Value | £34,000 |
| 2024/2025 UBR |
£0.499 |
| Estimated Rates Payable | £16,966 |
COSTS
Each party will bear their respective 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:
Peter Townsend Oliver Sunderland
E: pete@atretail.co.uk oliver@atretail.co.uk
M: 07713151970 079643 836058
Property type: Leisure, Retail
Rateable value: £34,000
Planning use: E Class
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