Rent: £35,000 - £35,000
Region: Tyne and Wear
Town/City: Newcastle upon Tyne
The premises occupy a prominent corner position situated on Pilgrim Street to the foot of the prime Northumberland Street. Pilgrim Street is on the main arterial routes through the city centre and benefits from strong footfall and major bus routes being situated along the street. The surrounding area forms part of a key site for development in the Core Strategy and Urban Core Plan for Gateshead and Newcastle upon Tyne. Opposite the subject property is Stack, a new shipping container retail development targeting local operators. Nearby occupiers include Robson & Co Opticians, Tyneside Cinema, Vicolo Bar and McColls.
The accommodation has recently been refurbished, and would be suitable for service users who could utilise the large first floor accommodation. The accommodation is arranged over 4 floors and provides the following approximate floor areas and dimensions:-
|Ground Floor Sales||517 sq ft||48.03 sq m|
|First Floor Sales||721 sq ft||66.98 sq m|
|Second Floor||492 sq ft||45.71 sq m|
|Third Floor||678 sq ft||62.99 sq m|
|Basement||366 sqft||34.00 sq m|
The property is available on a new Full Repairing and Insuring Lease for a term of years to be agreed, at a rent of £35,000pa excl.
We are verbally advised that the premises are assessed as follows:-
|Rates Payable April 2018/19||£15,960|
Interested parties are advised to make their own enquiries of the Local Rating Authority for verification of the above.
ENERGY PERFORMANCE CERTIFICATE
The energy performance certificate is available upon request.
Each party will bear their respective legal costs incurred in connection with the transaction.
All figures quoted in these terms are exclusive of VAT where chargeable.
By prior appointment through @retail:-
DD: 0191 280 4239
Mob: 07713 151 370
Alternatively please contact our joint agents Johnson Tucker
Property type: Retail
Rateable value: £33,250
Planning use: A1 & A2
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