Rent: £75,000 - £75,000
Region: Tyne and Wear
Town/City: Newcastle upon Tyne
SITUATION
The unit occupies ground-floor space within the NCP car park, which boasts 550 car parking spaces. It is situated on Northumberland Road, a key thoroughfare and prominent pedestrian route connecting prime Northumberland Street with John Dobson Street. This corridor experiences high footfall during peak student times, as it links Northumbria University to Northumberland Street. Additionally, it is located opposite the O2 City Hall and in close proximity to Newcastle University and the Haymarket Metro Station.
Nearby occupiers include Jollibee, KFC, Primark, Sainsbury’s Local, Starbucks, and Marks & Spencer, among others.
ACCOMMODATION
Arranged over ground floor, the premises comprise a fully fitted restaurant unit with WCs. The unit also has the potential to be subdivided.
| Ground Floor GIA | 494.66 M² | 5,325 ft² |
LEASE TERMS
A new effectively Full Repairing & Insuring lease for a term to be agreed is available at £75,000 per annum exclusive. Service Charge details to be confirmed.
BUSINESS RATES
| Rateable Value | £76,000 |
| 2023/2024 UBR | £0.512 |
| Estimated Rates Payable | £38,912 |
Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.
EPC
The property has a Energy Performance rating of C. A copy of the EPC is 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 any VAT that may be payable.
VIEWING
For enquiries, viewing, and general information, please contact:
Oliver Sunderland Ian Thurlbeck
E: oliver@atretail.co.uk iant@atretail.co.uk
M: 07943836058 07515831417
Ian Thurlbeck
E: iant@atretail.co.uk
M: 07515831417
Property type: Leisure, Retail
Rateable value: £76000
Planning use: E Class
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