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Jesmond, 14 Acorn Road

Rent: £38,000 - £38,000

Region: Tyne and Wear

Town/City: Jesmond, Newcastle upon Tyne


LOCATION
Jesmond is an affluent suburb two miles to the north of Newcastle city centre and which is very popular with local residents and students alike. Acorn Road is the principal neighbourhood shopping street and the premises are centrally located with nearby retailers including Tesco Metro, Little Waitrose, Boots, Starbucks, Oliver Bonas and Sea Salt as indicated on the attached Goad extract.

 

ACCOMMODATION
The accommodation is arranged on ground floor only and offers the following approximate floor areas and dimensions:-

Gross Frontage 32ft 9.73m
Internal Width 30 ft 2” 9.16m
Shop Depth 22ft 6.7m
Ground Floor Area 657 sq ft 61 sq m
WC/Ancillary

LEASE TERMS
The premises are offered by way of a new full repairing and insuring lease subject to vacant possession for a term to be agreed incorporating five yearly rent reviews at an initial rent of £38,000 per annum exclusive.

 

PLANNING
The premises have most recently been used as the office of an estate agency and therefore have an A2 planning consent which renders them also suitable for an immediate A1 retail use.  Other uses will be subject to securing the necessary planning approvals.

 

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

Rateable Value £45,250
Rates Payable April 2019/20 £14,857

The above payable figure assumes that the ingoing Tenant will get the benefit of the government subsidy of 33.3% deduction from the standard rates payable figure for premises with a rateable value of less than £51,000.  Interested parties are advised to seek verification of the above from the Local Rating Authority.

 

ENERGY PERFORMANCE CERTIFICATE
An EPC for the property is available upon request from this office.

 

LEGAL COSTS
Each party will bear their respective legal costs incurred in connection with this transaction.

 

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

 

VIEWING
All viewings are strictly by prior appointment through:-
Ian Angus
DD: 0191 280 4235
Mob: 07960 466211
Email: Email: iana@atretail.co.uk

or
Pete Townsend
DD: 0191 280 4239
Mob: 07713 151970
Email: pete@atretail.co.uk

Property type: Retail

Rateable value: £45,250

Planning use: A1 & A2

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