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Newcastle upon Tyne, 50 Grainger Street

Rent: £26,500 - £26,500

Region: Tyne and Wear

Town/City: Newcastle upon Tyne


LOCATION/SITUATION
The property is situated in a busy position with heavy pedestrian flow next to the junction of Grainger Street, Newgate Street, and The Bigg Market. Grainger Street acts as one of the main throughfares between Newcastle Central Station (300m) and Grey’s Monument (300m) with Northumberland Street and the Eldon Square Shopping Centre close by.

 

ACCOMMODATION
Arranged over ground & basement, the accommodation provides the following approximate areas:

Ground Floor Sales 90 m² 972 ft²
Basement Staff / Store 41 m² 438 ft²

LEASE TERMS
A new effectively Full Repairing & Insuring lease for a term to be agreed is available at £26,500 per annum exclusive.

 

EPC
The property has a Energy Performance Certificate of C65. A copy of the EPC is available upon request.

 

BUSINESS RATES

Rateable Value £19,000
2022/2023 UBR £0.499
Estimated Rates Payable *2/3 Relief potentially available £9,481*

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.

 

SERVICE CHARGE
There is a service charge for the upkeep of common items based on a proportionate floor area. This on an ad-hoc basis.

 

VIEWING
For enquiries, viewing, and general information, please contact:
Pete Townsend
E: pete@atretail.co.uk
M: 07713 151 970

Property type: Retail

Rateable value: £19,000

Planning use: E

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