Rent: £87,500 - £87,500
Region: Tyne and Wear
Town/City: Newcastle upon Tyne
The property is situated in Grainger Street close to the junction with Market St and opposite the popular Grainger Market. TJ Hughes, Start Fitness, TM Lewin, Cote Brasserie and McDonalds all occupy premises close by. Grainger St also has a number of busy Bus Stops on either side of the road outside the subject premises. Grey’s Monument, Intu Eldon Square, Grey St and the Station are within easy walking distance.
The property is Listed and is fitted to a very high standard. The premises provide sales accommodation on ground and basement levels and outgoing tenant has subdivided the basement to provide sales and a generous stock area together with staff, office and wc facilities. The property benefits from a substantial glazed frontage to Grainger St.
|Net Frontage||11.37 m||37’ 03”|
|Internal Width (max)||13.20 m||43’ 03”|
|Shop Depth||24.79 m||81’ 04”|
|Ground Floor Sales||283.16 m²||3,048 sq ft|
|Basement Sales||211.62 m²||2,278 sq ft|
|Basement Staff||7.02 m²||76 sq ft|
|Basement Office||7.35 m²||79 sq ft|
|Total Area||509.15 m²||5,481 sq ft|
|Male and female wc’s in the basement.|
The premises are available on a new lease for a term to be negotiated but incorporating upward reviews every 5 years.
Offers invited over £87,500 pa
RATES & SERVICE CHARGE
We are verbally advised that the premises are assessed as follows:
Interested parties should make their own enquiries as subject to individual circumstances and transitional arrangements the actual amount payable may vary.
Each party to be responsible for their own legal costs incurred in connection with any transaction.
CODE OF PRACTICE
The landlord accepts the principles and will be flexible in considering alternative terms offered in accordance with the Commercial Lease Code of Practice.
ENERGY PERFORMANCE CERTIFICATE
An Energy Performance Certificate is not required as the property is Listed
All figures quoted in these terms are exclusive of VAT where chargeable
Strictly by appointment with @retail:
0191 280 4235
Or alternatively joint agents Lambert Smith Hampton
Property type: Retail
Rateable value: £114,000
Planning use: A1
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