Rent: £25,000 - £25,000
Region: Tyne and Wear
Town/City: Newcastle upon Tyne
SITUATION / DESCRIPTION
The unit occupies a prominent position on Pilgrim Street at the foot of prime Northumberland Street. It is on one of the main arterial routes through the centre with high footfall, and a major bus route for the city. The site faces the Pilgrim Street redevelopment; A flagship, prime, mixed-use development set to transform the street, boosting trade potential. Further information on the redevelopment can be seen on:
The current tenant occupies on a lease expiring 27 th May 2022, with a new lease to be granted following.
Arranged over ground, and basement levels, the building provides the approximate usable floor area with the benefit of “E use Class”:
|Ground Floor Sales||39 M²||424 ft²|
|Basement Store||70 M²||750 ft²|
|Internal Width||6.3 M||20.6 ft|
A new Full Repairing & Insuring lease for a term to be agreed is available at £25,000 per annum exclusive, from May 2022.
|Estimated Rates Payable||£12,643|
Up to 100% Business Rates Relief Available. Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.
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.
The property has an Energy Performance rating of D.
For enquiries, viewing, and general information, please contact @retail. Viewing Strictly by appointment.
M: 07713 151 970
Property type: Leisure, Retail
Rateable value: £25,750
Planning use: E
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