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Newcastle upon Tyne, 123 – 125 Northumberland Street

Rent: £107,500 - £107,500

Region: Tyne and Wear

Town/City: Newcastle upon Tyne


SITUATION
The premises are situated on prime pedestrianised Northumberland Street close to the Haymarket Metro and Bus Stations and both Newcastle and Northumbria Universities.  Nearby retailers include Marks and Spencer, Primark, KFC, Santander, Virgin Money and Costa.

ACCOMMODATION
Arranged over ground, basement and three upper floors with the following approximate floor areas and dimensions:

Internal Width 20’ 8” 6.3 m
Ground Floor Sales 1863 sqft 173.0sqm
Basement 477 sqft 44.3sqm
First Floor Sales 493 sqft 45.8sqm
Second Floor 369 sqft 34.3sqm
Third Floor 450 sqft 41.8sqm

LEASE TERMS
The premises are available by way of a new Full Repairing & Insuring lease for a term to be agreed subject to 5 yearly rent reviews at a commencing rent of £107,500pa excl.

 

PLANNING
We are advised that the premises benefit from a Sui Generis Hot Food Take Away consent granted in 2016. Interested Parties should seek verification from Newcastle City Council.

 

BUSINESS RATES

Rateable Value £99,500
2021/2022 UBR £0.512
Estimated Rates Payable £50,944

Interested parties are advised to make their own enquiries with the Local Rating Authority.

 

EPC
A copy of the Energy Performance Certificate is available upon 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.

 

VIEWING
For enquiries, viewing, and general information please contact:
Ian Angus
E: iana@atretail.co.uk
M: 07960 466 211

Property type: Leisure, Retail

Rateable value: £99,500

Planning use: Sui Generis

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