Rent: £44,000 - £44,000
Region: Tyne and Wear
Town/City: Newcastle upon Tyne
SITUATION
The property is located on the pedestrianised Nelson Street in the heart of the city centre. The unit is directly adjacent to the Grainger Market entrance, which houses numerous local traders and is a popular shopping experience for visitors/workers in the city centre.
ACCOMMODATION
Arranged over ground floor only with kitchen and customer/staff WC facilities.
Gross Frontage | 9.58m | 31’5“ |
Built Depth | 9.96m | 32’8” |
Internal Width | 9.14m | 30’0” |
Ground Floor Sales | 73m² | 783ft² |
Staff Kitchen | 3m² | 31ft² |
Customer WC’s | 6m2 | 69ft2 |
LEASE TERMS
The premises are occupied by way of an existing effective FRI lease expiring 24th March 2025 at a passing rental of £44,000 per annum exclusive.
Sub Leases and Short-Term Deals will be considered subject to negotiation.
EPC
The property has an Energy Performance Certificate of Band C (55). A copy of the EPC is available upon request.
BUSINESS RATES
Rateable Value | £32,250 |
2020/2021 UBR | £0.499 |
Estimated Rates Payable | £16,095 |
Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.
SERVICE CHARGE
A service charge is payable to cover the costs of the maintenance of the exterior structure and common parts. Further details available upon request.
VIEWING
For enquiries, viewing, and general information, please contact:
Jonathan Chapman
E: jonathan@atretail.co.uk
T: 0191 280 4237
M: 07949 938210
Property type: Retail
Rateable value: £32250
Download property details document
Get in touch with our local expert consultants to start a discussion about your requirements.