Rent: £17,000 - £17,000
Region: Tyne and Wear
Town/City: Newcastle upon Tyne
Located to the west side of the City Centre, the property is situated on Rutherford Street adjacent to Newcastle’s tallest building, Hadrian’s Tower, containing high end apartments and the 3Sixty Champagne Bar. The street sits just off Stowell Street which hosts diverse restaurants and public parking and is just off St James Boulevard with an average daily traffic flow of 19,000 and linking to St James Park Football Stadium as well as the Newcastle Helix development over the road.
Arranged over ground and first floor levels, the property has following approximate dimensions and floor areas:
|Ground Floor Area||149sqm||1601sqft|
|First Floor Store/Staff||111sqm||1199sqft|
A new lease outside the provision of the Landlord and Tenant Act is available at a rent of £17,000 per annum exclusive on terms to be agreed.
|Ground Floor Rateable Value||£10,000|
|First Floor Rateable Value||£5,300|
|Estimated Rates Payable- 2023
(*75% relief available)
|£7,635 / £2,542*|
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 C60. A copy is available on request from this office.
For enquiries and general information please contact @retail. Viewing strictly via appointment.
M: 07713 151970
Property type: Leisure, Retail
Rateable value: £10,000
Planning use: E
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