Newcastle upon Tyne, 5 Saville Row

Rent: £24,000 - £24,000

Region: Tyne and Wear

Town/City: Newcastle upon Tyne

SITUATION
Saville Row is a street running east of the 100% prime section of Northumberland Street in the heart of the city centre and acts as a natural link between the prime retail pitch and the University of Northumbria campus beyond John Dobson Street, which is only a short walk away.

 

ACCOMMODATION
The ground floor provides sales area with stores/staff kitchen facilities to the rear. The first floor space is accessed via an internal staircase and provides WC facilities and additional stores/offices:-

Internal Width	5.85m	19’2”
Shop Depth	10.68m	35’1”
Ground Floor Sales	42m2	453ft2
Rear Stores/Kitchen	10m2	105ft2
First Floor	29m2	311ft2

LEASE TERMS
Superdrug Stores occupy the whole unit by way of an existing effective FRI lease, which expires 23rd June 2026. A new Full Repairing & Insuring sub lease for a term to be agreed is available at an initial rental of £24,000 per annum exclusive.

 

EPC
An Energy Performance Certificate has been ordered and a full copy will be available upon request.

 

BUSINESS RATES

Rateable Value	£24,250
2021/2022 UBR	£0.491
Estimated Rates Payable	£11,900

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:
Jonathan Chapman
E: jonathan@atretail.co.uk
M: 07949 938210