Rent: £45,000 - £45,000
Region: Tyne and Wear
Town/City: Newcastle upon Tyne
The premises are well located on Grainger Street and forms part of the retail core of the city, with McDonalds opposite, CEX, Taco Bell, Greggs, and Start Fitness all in close proximity. The Bigg Market is undergoing substantial investment and regeneration of which the unit is adjacent, and opposite the new Maldon Hotel has been developed housing a large leisure scheme and adding to the already strong footfall due to Grainger Streets links to Newcastle Central Station.
The accommodation is arranged on ground floor only and has a trading area of:
|Ground Floor Sales||1,173 sq ft||109 sq m|
Subject to vacant possession the property is available on a new Full Repairing and Insuring Lease for a term of years to be agreed, at an initial rent of £45,000 p a excl.
We are verbally by the Local Rating Authority that the premises are assessed as follows:-
|Rates Payable April 2019/20||£27,972|
Interested parties are advised to contact the Local Rating Authority for verification of the above.
ENERGY PERFORMANCE CERTIFICATE
The Energy Performance Asset Rating is Band D (77). A full copy of the EPC is available for inspection if required.
Each party will bear their respective legal costs incurred in connection with the transaction.
All figures quoted in these terms are exclusive of VAT where chargeable.
By prior appointment through
Mob: 07949 938210
Property type: Retail
Rateable value: £50,500
Planning use: A1
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