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Newcastle upon Tyne, 6 – 8 Saville Row

Rent: £80,000 - £80,000

Region: Tyne and Wear

Town/City: Newcastle upon Tyne


NEWCASTLE
• 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.

 

LOCATION
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.

 

DESCRIPTION
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.

 

ACCOMMODATION

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

 

TENURE
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.

 

RATING ASSESSMENT

Rateable Value £88,000
Rates Payable April ‘19/’20 £44,264

Interested parties should make their own enquiries as subject to individual circumstances the actual amount payable may vary.

 

LEGAL COSTS
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.

 

VAT
All figures quoted in these terms are exclusive of VAT where chargeable.

 

VIEWING
Strictly by appointment with @retail:
Ian Angus
0191 280 4235
iana@atretail.co.uk

Property type: Retail

Rateable value: £88,000

Planning use: A1 & A2

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