Rent: £55,000 - £55,000
Region: Tyne and Wear
Town/City: Newcastle upon Tyne
LOCATION/SITUATION
The unit offers an imposing and prominent frontage to Market Street with the benefit of a return frontage within the attractive Central Arcade. It most recently traded as a Café with ground and first floor sales areas. Nearby occupiers include Cote, Café Andaluz, Harrys Bar, Dune Footwear, End Clothing.
ACCOMMODATION
Arranged over ground and first floor sales with basement kitchen facilities:
| Ground Floor Sales | 1491 sqft | 138.5sqm |
| Basement | 489sqft | 45.4sqm |
| First Floor | 885 sqft | 82.2sqm |
TERMS
A new lease for a term to be agreed is available on effective full repairing and insuring terms at a rent of £55,000pa excl.
SERVICE CHARGE
The service charge budget figure for the year to December 2023 is £12,517 excl.
EPC
The property has an Energy Performance rating of D92. A copy of the EPC is available on request.
BUSINESS RATES
| Rateable Value | £38,000 |
| Rates Payable April 23/24 | £18,962 |
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 @retail
Ian Angus
E: iana@atretail.co.uk
M: 07960 466211
Or our joint agent
Ian Webster
ian@robinsonwebster.co.uk
07901 516723
Property type: Leisure, Retail
Rateable value: £38,000
Planning use: E
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