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Newcastle upon Tyne, 80 Grainger Street

Rent: £40,000 - £40,000

Region: Tyne and Wear

Town/City: Newcastle upon Tyne


LOCATION/SITUATION
The property is situated in a busy position on Grainger Street, which acts as one of the main th0roughfares between Newcastle Central Station and the city centre.
The nearby Bigg Market has undergone substantial investment and regeneration adding to the already strong footfall.
Grainger Street is also one of the main bus routes into the city centre, so there is plenty of vehicular and pedestrian passing traffic throughout the day.

 

ACCOMMODATION
Arranged over ground floor only, with the following approximate dimensions and floor areas:

Shop Depth 16.13m 52’11”
Internal Width 5.57m 18’3”
Ground Floor Area 78 M2 842 ft2

LEASE TERMS
A new effective Full Repairing & Insuring lease for a term to be agreed is available at a rent of £40,000 per annum exclusive.

 

EPC
The property has an Energy Performance rating of D 83.

 

BUSINESS RATES

Rateable Value £37,000
2021/2022 UBR £0.499
Estimated Rates Payable £18,465

Up to 100% Business Rates Relief Available.
Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

 

SERVICE CHARGE
A service charge is payable to cover the costs of the maintenance of the exterior structure and common parts.  Further details available upon request.

 

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

Property type: Retail

Rateable value: £37,000

Planning use: E

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