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Newcastle upon Tyne, 100 – 104 Grainger Street
Newcastle upon Tyne, 100 – 104 Grainger Street

Rent: £87,500 - £87,500

Region: Tyne and Wear

Town/City: Newcastle upon Tyne


LOCATION
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.

 

DESCRIPTION
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.

 

ACCOMMODATION

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.

TENURE
The premises are available on a new lease for a term to be negotiated but incorporating upward reviews every 5 years.

 

RENT

Offers invited over £87,500 pa

 

RATES & SERVICE CHARGE

We are verbally advised that the premises are assessed as follows:

Rateable Value £114,000

Interested parties should make their own enquiries as subject to individual circumstances and transitional arrangements the actual amount payable may vary.

 

LEGAL COSTS
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

 

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

 

VIEWING
Strictly by appointment with @retail:
Ian Angus
0191 280 4235
Or alternatively joint agents Lambert Smith Hampton

Property type: Retail

Rateable value: £114,000

Planning use: A1

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