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Newcastle upon Tyne, 8 – 10 Hood Street

Rent: £78,450 - £78,450

Region: Tyne and Wear

Town/City: Newcastle upon Tyne


SITUATION
The premises are situated in a prominent position, with double frontage onto Market Street and Hood Street, which run between the historic Grey Street and Pilgrim Street.
A major retail and leisure development scheme is now underway which will transform a large part of Pilgrim Street over the next few years, leading to increased foot flow. Market Street is one of the main bus routes into Newcastle and the Metro Station at Monument is a short walk away.

 

ACCOMMODATION
Arranged over ground and first floor with stores/kitchen and Staff WC facilities in the basement. The first floor provides the Customer WC facilities/small office. There is a change in levels in the ground floor sales area.

Ground Floor Sales 152m2 1,637ft2
First Floor 73m2 783ft2
Basement 42m² 453ft²

LEASE TERMS
The premises are occupied by way of an existing FRI lease expiring 28th September 2023 at a passing rental of £78,450 per annum exclusive.
Sub Leases and Short-Term Deals will be considered subject to negotiation.

 

EPC
An Energy Performance Survey has been requested, further details available upon request.

 

BUSINESS RATES

Rateable Value £46,500
2021/2022 UBR £0.499
Estimated Rates Payable £23,204

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

Property type: Leisure, Retail

Rateable value: £46,500

Planning use: Sui Generis

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