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Newcastle upon Tyne, 78 – 80 Grainger Street

Rent: £45,000 - £45,000

Region: Tyne and Wear

Town/City: Newcastle upon Tyne


LOCATION

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.

 

ACCOMMODATION

The accommodation is arranged on ground floor only and has a trading area of:

Ground Floor Sales 1,173 sq ft 109 sq m

LEASE TERMS

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.

 

RATEABLE VALUE

We are verbally by the Local Rating Authority that the premises are assessed as follows:-

Rateable Value £55,500
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.

 

LEGAL COSTS

Each party will bear their respective legal costs incurred in connection with the transaction.

 

VAT

All figures quoted in these terms are exclusive of VAT where chargeable.

 

VIEWING

By prior appointment through

Pete Townsend

DD: 0191 280 4235

Mob: 07960 466 211

Property type: Retail

Rateable value: £50,500

Planning use: A1

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