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Newcastle upon Tyne, 18 Pilgrim Street

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:
https://pilgrimplacenewcastle.com/
The current tenant occupies on a lease expiring 27 th May 2022, with a new lease to be granted following.

 

ACCOMMODATION
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

LEASE TERMS

A new Full Repairing & Insuring lease for a term to be agreed is available at £25,000 per annum exclusive, from May 2022.

 

BUSINESS RATES

Rateable Value £25,750
2021/2022 UBR £0.491
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.

 

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.

 

EPC
The property has an Energy Performance rating of D.

 

VIEWING
For enquiries, viewing, and general information, please contact @retail. Viewing Strictly by appointment.
Peter Townsend
E: pete@atretail.co.uk
M: 07713 151 970

Property type: Leisure, Retail

Rateable value: £25,750

Planning use: E

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