Rent: £35,000 - £35,000
Region: Tyne and Wear
Town/City: Newcastle upon Tyne
This ground floor retail unit forms part of the recently redeveloped Grade II listed iconic former department store within Newcastle city centre. Unit A – D are let to Turtle Bay, Zaap, and an Adventure Golf operator. These ground floor restaurants compliment the 184 bedroom Premier Inn situated on the upper floors and the 17,000 Sqft basement occupied by The
Gym Group. The property adjoins The Gate Leisure complex, which is home to Asper’s Casino, a 12 screen Empire Cinema, TGI Friday’s, Coast to Coast and Handmade Burger Co. amongst others.
Intu Eldon Shopping Centre’s St Andrew’s extension, anchored by Debenhams, is immediately opposite. The shopping centre comprises 1.6million sqft of retail space with 36 million visitors a year.
The accommodation is arranged on ground floor level and offers the following approximate floor areas:-
|Ground Floor Sales||1,320 sq ft||122.63 sq m|
The landlord is willing to undertake works to the shop front, further details available upon request.
The unit benefit from A1 and A3 planning consent and therefore is suitable for a variety of uses. Interested parties are advised to make their own enquiries regarding use to the Local Authority
The premises are offered by way of a new effectively full repairing and insuring lease for a term to be agreed, subject to five yearly upward only rent reviews at a rent of £35,000 pa.
The annual service charge is estimated at £1.50 per sqft.
Interested parties are advised to make their own enquires of the Local Rating Authority as the property will need reassessing for rating purposes.
Each party will bear their respective legal costs incurred in connection with the transaction.
Strictly by prior appointment sole agents @retail:
DD: 0191 280 4236
Mob: 07515 831 417
0191 280 4237
07713 151 970
or alternatively via our joint agent JLL
Property type: Leisure, Retail
Rateable value: £TBC
Planning use: A1 & A3
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