Newcastle upon Tyne, 15 – 19 Nelson Street

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