Rent: £69,500 - £69,500
Region: Tyne and Wear
Town/City: Newcastle upon Tyne
SITUATION / DESCRIPTION
The premises are situated on the prominent and extremely busy position overlooking Haymarket Metro Station. Located at the top of Northumberland Street, Newcastle’s prime retail stretch, and positioned centrally between Newcastle University and the University of Northumbria at Newcastle, the property benefits from strong footfall and access and is surrounded by a wide range of offerings.
The property can be taken as a whole or split to suit requirements.
Following Landlords works to separate the unit from the upper floors, the accommodation will provide the following approximate floor area:
|Ground Floor Sales||157 M²||1,693 ft²|
There is potential to combine the additional 7,902 ft² available on the upper floors subject to requirements.
The ground floor property is available on a new effectively Full Repairing & Insuring lease for a term to be agreed. This at a commencing rent of £69,500 per annum exclusive.
The property has an Energy Performance rating of D 77.
BUSINESS RATES (FOR WHOLE)
The unit will require reassessment following Landlords works.
The estimated Ratable Value is circa £73,000 with estimated rates payable at £37,000 per annum exclusive.
Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.
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. A service charge will be payable to cover the costs of common areas and structure.
For enquiries, viewing, and general information, please contact @retail.
M: 07713 151 970
M: 07515 831 417
Property type: Leisure, Office, Retail
Rateable value: £TBC
Planning use: E
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