Rent: £225,000 - £225,000
Region: Tyne and Wear
Town/City: Newcastle upon Tyne
LOCATION
Monument Mall is located at the junction of Northumberland Street and Blackett Street providing the 100% prime retailing pitch in Newcastle City Centre. Adjacent retailers include Fenwick department store and Waterstones with surrounding occupiers including Berry’s Jewellers, Hotel Chocolat, Goldsmiths, Reid & Sons and The North Face. Other retailers located on Northumberland Street include JD Sports, Flannels, WH Smith, Footasylum, Superdrug and M&S. Bar and restaurant operators close by include Five Guys, TGI’s, Chaophraya and Banyan.
THE OPPORTUNITY
The unit has frontage to Blackett Street and enjoys prominence in a run of exclusive occupiers which includes Rox, Reiss, Hugo Boss, The White Company and Breitling, whilst Goldsmiths, Reid and Sons, Omega and Hotel Chocolat are located in the immediate vicinity.
Accommodation is arranged over the ground floor and basement and provides a floor area of 5,329 sq ft (495 sq m). A new effective Full Repairing and Insuring lease is available for a term to be agreed at a commencing rent of 225,000pa excl.
ACCOMMODATION
| GROUND FLOOR SALES | 1,837 sq ft | (170.6 sq m) |
| GROUND FLOOR STORAGE | 590 sq ft | (54.8 sq m) |
| BASEMENT SALES | 1,546 sq ft | (143.6 sq m) |
| BASEMENT STORAGE | 1,356 sq ft | (125.9 sq m) |
| TOTAL | 5,329 sq ft | (495 sq m) |
RATES & SERVICE CHARGE
| Rateable Value (April 2023) | £180,000 |
| Rates Payable | £92,160 |
| Service Charge | £21,156 |
CONTACT
IAN ANGUS
T: 07960 466211
E: iana@atretail.co.uk
or joint agent
STEVE HENDERSON
T: 07870 999618
E: shenderson@savills.com
Property type: Retail
Rateable value: £180,000
Planning use: E
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