Rent: £80,000 - £80,000
Region: Tyne and Wear
Town/City: Newcastle upon Tyne
• Newcastle is one of only seven British City Centre’s with a shopper population of over 500,000 including c.160,000 under 25’s
• 2.2M people live within a 45 minute drive time
• 51,000 students at Newcastle’s two Universities (both five minutes walk)
• Newcastle is a Regional Retail destination the core of which is centred around intu Eldon Square and Northumberland St.
Saville Row is a spoke street running east off the 100% prime section of Northumberland St. The subject property lies approximately 50m to the West of Northumberland St. Superdrug and H&M are situated either side of Saville Row. Samsung, Fenwick, WH Smith and JD Sports are also in the immediate vicinity. Saville Row is dominated by an eclectic mix of retailers including high end fashion retailer Cruise, Hollywood Beauticians, Tesco, and a mix of local retailers and cafes. Northumbria University is across John Dobson St and this is one of the main thoroughfares linking the campus with the City Centre.
Formerly an HSBC branch the premises are currently occupied as an estate agency for Newcastle City Council’s residential estate. The accommodation is arranged over ground and basement levels and has been well maintained and fitted to a high standard including partitioning and air conditioning throughout the ground floor.
|Net Frontage||8.80 m||28’ 10”|
|Internal Width (min)||8.80 m||28’ 10”|
|Internal Width (max)||12.74 m||41’ 09”|
|Built Depth||21.51 m||70’ 06 ”|
|Ground Floor Sales||233.85 m²||2,517 sq ft|
|Ground Floor Ancil||6.09 m²||66 sq ft|
|Basement Stores||68.73 m²||740 sq ft|
The basement includes a Strong Room facility
The premises are held by way of an effective FRI lease expiring October 2024 at a current rent of £80,000pa subject to review in October 2019. The premises are available by way of a Sub-Lease and rental offers are invited.
|Rates Payable April ’23/24||£32,275|
Interested parties should make their own enquiries as subject to individual circumstances the actual amount payable may vary.
Each party to be responsible for their own legal costs incurred in connection with any transaction.
ENERGY PERFORMANCE CERTIFICATE
An Energy Performance Certificate is available by request from this office.
All figures quoted in these terms are exclusive of VAT where chargeable.
Strictly by appointment with @retail:
0191 280 4235
Property type: Retail
Rateable value: £88,000
Planning use: A1 & A2
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