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Newcastle upon Tyne, 25 Grey Street

Rent: £25,000 - £25,000

Region: Tyne and Wear

Town/City: Newcastle upon Tyne


SITUATION
The unit occupies a prominent spot on the iconic business and leisure street of Grey Street in Newcastle city centre next door to the Royal Bank of Scotland and Living Spaces. The street is undergoing significant placemaking measures to pedestrianize and promote pavement trade from the leisure occupiers and benefits from multi storey car parking and metro stations nearby.

 

ACCOMMODATION
Arranged over ground & basement with loading provisions to the rear on Greys Court, the unit provides the following accommodation:

Net Frontage 4.9 M 16‘
Ground Floor Sales 48 M² 516 ft²
 Basement Staff/Store 13 M² 139 ft²

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

 

EPC
The property has a Energy Performance Certificate of D78. A copy of the EPC is available upon request.

 

BUSINESS RATES

Rateable Value £21,000
2021/2022 UBR £0.499
 Estimated Rates Payable £10,479

There is rates relief available at present. 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.

 

VIEWING
For enquiries, viewing, and general information, please contact:
Pete Townsend
E: pete@atretail.co.uk
M: 07960 466 211

Property type: Leisure, Retail

Rateable value: £21000

Planning use: E

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