Rent: £20,000 - £20,000
Region: Tyne and Wear
Town/City: Newcastle upon Tyne
The property is situated on Blandford Square in Newcastle City Centre and overlooking St James Boulevard, opposite a public pay and display car park and is in close proximity to the Discovery Museum, Dance City, Grainger Town Multi-Story car park and in close proximity to Hadrian’s Tower, Newcastle tallest building set for completion late 2020.
As well as the development of Hadrian’s Tower, substantial redevelopment projects are nearby including the flagship Helix development. More information on https://newcastlehelix.com/
The premises offer the following approximate floor areas and dimensions on ground floor level:
|Gross Frontage||12.0 m||39’6”|
|Internal Width||9.0 m||29’ 6”|
|Build Depth||21.3 m||70’|
|Total Ground Floor||165.7 sq m||1,783 sq ft|
Subject to vacant possession, the premises are available by way of a new effectively full repairing and insuring lease for a term of years to be agreed incorporating five yearly upward only rent reviews at a rent of £20,000 pa excl. Incentives are available.
The unit has the benefit of A1 consent however is suitable for a variety of other uses subject to consents. Interested parties should verify this with the Local Authority with regards to their specific use.
We are advised by the local rating authority that the premises are assessed as follows:
|Rates Payable April 2019/20||£7,640|
Interested parties should make their own enquiries of the local rating authority for verification of the above and individual circumstance.
Each party to be responsible for their own legal costs incurred in connection with the transaction.
ENERGY PERFORMANCE CERTIFICATE
According the EPC register, the rating for the unit is B31. A full copy of the certificate is available on request.
All figures quoted in these terms are exclusive of VAT where chargeable
Strictly by prior appointment joint agents @retail:
DD: 0191 280 4236
Mob: 07515 831 417
Tel: 0191 280 4237
Mob: 07713 151 970
Property type: Retail
Rateable value: £15,561
Planning use: A1
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