Rent: £18,500 - £18,500
Region: Tyne and Wear
Town/City: Newcastle upon Tyne
LOCATION & SITUATION
Newcastle City Centre is the hub of retail and commerce in the North East. The subject unit is located on Higham Place and forms part of the ground floor offering for the block known as Higham House, next door to the Laing Art Gallery and just off John Dobson Street. Nearby retailers include cafe The Journey, bike shop Recyke Y’ Bike and Green Gingers Hair Salon, with student accommodation, hotel, and office accommodation also immediately surrounding and providing a diverse potential clientele.
It is just a short walk from the principal pedestrianised retail thoroughfares of Northumberland Street and Intu Eldon Square, and located nearby to the Pilgrim Street “Stack” development containing independent food and leisure venders within a shipping container village.
The premises offer the following approximate floor areas and dimensions:
|Ground Floor Width||46’ 10”||14.27m|
|Ground Floor Sales||2,184sqft||203 sqm|
The premises are available by way of a new effectively full repairing and insuring lease outside the provisions of the Landlord & Tenant Act 1954, for a term of years to be agreed at a rent of £18,500 pax.
The unit has the benefit of A1 consent, however may be suitable for other uses subject to consents. Interested parties should verify this with the Local Authority with regards to their specific use.
We are verbally advised by the local rating authority that the premises are assessed as follows:
|Rates Payable April 2019/20||£8,347|
The above figure assumes the tenant will benefit from the Government reduction of 33.3% from April 2019. The total claim allowance for any one Company is £200,000pa.
Interested Parties should seek verification of the above from the local Rates Authority.
Each party to be responsible for their own legal costs incurred in connection with the transaction.
ENERGY PERFORMANCE CERTIFICATE
According the EPC register, the rating for the unit is E111. A full copy of the certificate is available on request.
All figures quoted in these terms are exclusive of VAT where chargeable
Strictly by prior appointment through the sole agents @retail:
DD: 0191 280 4235
Mob: 07960 466 211
DD: 0191 280 4237
Mob: 07713 151 970
Property type: Retail
Rateable value: £17,000
Planning use: A1
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