Rent: £33,000 - £33,000
Region: Tyne and Wear
Town/City: Gosforth, Newcastle upon Tyne
Gosforth is an affluent suburb of Newcastle upon Tyne, approximately 3 miles north of the city centre. Gosforth Shopping Centre fronts High Street, which is the principal retail pitch within the town, and provides approximately 73,000 sq ft of space in an attractive, modern retailing environment together with a 114 space roof-top car park. The scheme boasts an attractive tenant mix, comprising both multiple and independent retailers, and is anchored by a 33,000 sq ft Sainsburys food store with other tenants including the likes of Costa, Boots, WH Smith, Rosie’s Coffee Shop, Thompson Opticians and Virgin Money. Recent additions to the scheme include Naked Deli and Card Factory.
More information about the shopping Centre can be found here:- http://www.gosforthshoppingcentre.com/
The premises occupy a central and prominent position fronting High Street, adjacent to Costa. WH Smith, Donald Gilbert’s Butchers, Virgin Money, Boots and Sainsbury’s are also close by.
The accommodation is arranged on ground and first floors and offers the following approximate floor areas and dimensions:
|Internal Width||17’ 4”||5.27 m|
|Sales Depth||53’ 9”||16.34 m|
|Mall Level NIA||898 sq ft||83.4 sq m|
|First Floor ancillary||849 sq ft||78.87 sq m|
The property is available by way of a new 10 year effectively full repairing and insuring lease incorporating an upward only rent review at the 5th anniversary.
Rental offers in excess of £33,000pa are invited.
We are verbally advised that the premises are assessed as follows:
|Rates Payable April 19/20||£9,517|
The above figure assumes the tenant will benefit from the Government reduction of 33.3% from April 2019. The total claim allowance for any one Company is £200,000pa. Interested Parties should seek verification of the above from the local Rates Authority.
The On Account service charge for 2019 is £11,750 excl.
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 has been commissioned and will be available for inspection.
All figures quoted in these terms are exclusive of VAT where chargeable.
Strictly by appointment with @retail:
Richard Webster at our joint agents
Property type: Retail
Rateable value: £29,250
Planning use: A1
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