Rent: £32,500 - £32,500
Region: Tyne and Wear
Town/City: Newcastle upon Tyne
SITUATION
The unit is situated centrally on Ridley Place which connects with the northern end of prime Northumberland Street and is in close proximity to both Newcastle and Northumbria Universities. Haymarket Metro Station is 150m west of the unit. Ridley Place has seen significant improvements due to council investment in 2023. Local businesses provided valuable input, resulting in the addition of murals, artwork, new paving, and enhancements to the public realm. Notably, a pocket park was created.
ACCOMMODATION
Arranged over ground floor and basement, with rear courtyard and bin stores.
| Ground Floor Area | 110 m2 | 1,184 ft2 |
| Basement Area | 72.5 m2 | 780 ft2 |
LEASE
The premises is available on a new effectively fully repairing and insuring lease at a commencing rent of £32,500 per annum exclusive for a term to be determined.
BUSINESS RATES
| Rateable Value | £25,250 |
| 2024/2025 UBR | £0.499 |
| Estimated Rates Payable | £12,599 |
| Estimated Rates Payable with Relief | £4,199 |
Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.
ENERGY PERFORMANCE CERTIFICATE
The premises has an EPC of B 47. Full certificates available on 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.
For enquiries, viewing, and general information, please contact:
Pete Townsend
E: pete@atretail.co.uk
M: 07713 151970
Property type: Leisure, Retail
Rateable value: £25250
Planning use: E Class
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