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Newcastle upon Tyne, 117-119 High Street

Rent: £0

Sale price: £395,000

Region: Tyne and Wear

Town/City: Gosforth, Newcastle upon Tyne


SITUATION
The unit is positioned on the prime stretch of Gosforth High Street, an affluent suburb 2 miles north of Newcastle City Centre containing a wide range of occupiers including Greggs,
Saks, Café Nero, Papa Johns and Hays Travel.

 

ACCOMMODATION
This former bank premises is a mid-terrace property comprising of basement, ground, and first floors, with a rear yard that could provide parking for multiple vehicles.

Ground Floor 162.45 m2 1749 ft2
First Floor 73.17 m2 788 ft2

The Ground floor currently provides staff and sales space, with storerooms and an external yard to the rear. The Fist floor is accessed from a central staircase and currently contains office accommodation and further staff space such as WC’s. There is a basement not presently in use, but accessible via a hatch.

 

PRICE
Sold with the benefit of Vacant Possession, the freehold of the building is available for offers in the region of £395,000.

 

EPC
The property has an Energy Performance Certificate of Band F (146). A full copy of the EPC is available upon request.

 

BUSINESS RATES

Rateable Value £37,000
2020/2021 UBR £0.499
Estimated Rates Payable £18,463

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

 

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
For enquiries, viewing and general information, please contact us or our joint agents, Lambert Smith Hampton.
Pete Townsend
E: pete@atretail.co.uk
T: 0191 280 4239
M: 07713 151 970

Property type: Investment, Retail

Rateable value: £37,000

Planning use: E

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