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Gateshead, 48 Russell Way

Rent: £20,000 - £20,000

Region: Tyne and Wear

Town/City: Gateshead


SITUATION
The unit is situated at Upper Floor level on Russell Way directly opposite Primark and close to H&M Kids, Platinum Mall and a number of local independents including Beckleberrys, Hollywood Nails and Be More Geek.

 

ACCOMODATION
Arranged over ground floor only:

Internal Width 17‘ 3 “ 5.2M
Ground Floor Area 216ft² 20M²

LEASE TERMS
The premises are occupied by way of a 10 year effective FRI lease from 29th September 2017 subject to a rent review after 5 years at a current rent of £20,000pa excl.  A sub-lease for a term to be agreed is available if preferable.

 

SERVICE CHARGE
An annual service charge is payable estimated at £2,142 in 2020.

 

BUSINESS RATES

Rateable Value £15,250
2021/2022 UBR £0.49
Estimated Rates Payable £7,473

Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

 

EPC
A copy of the EPC is available upon request.

 

COSTS
Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.

 

VIEWING
To arrange a viewing please contact:
Ian Angus
0191 2804235
iana@atretail.co.uk

Property type: Retail

Rateable value: £15250

Planning use: A1

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