Rent: £20,000 - £20,000
Region: Tyne and Wear
The property sits prominently on the corner of High Street West and John Street directly opposite the substantial Sunniside Leisure scheme, where occupiers include Empire Cinema, MFA Bowling, Nando’s and Grosvenor Casino.
Arranged over ground floor and basement with kitchen and customer/staff WC facilities.
|Ground Floor Sales||83m²||897ft²|
The premises are occupied by way of an existing effective FRI lease expiring 1st August 2027 at a passing rental of £20,000 per annum exclusive. There is a break option on 15th April 2022 subject to giving the landlord a minimum of 6 months’ notice.
Short-Term Deals and a New Lease subject to Surrender will be considered subject to negotiation.
The property has an Energy Performance Certificate of Band D (80). A copy of
the EPC is available upon request.
|Estimated Rates Payable||£4990|
Given the Rateable Value is below £12,000, the current rates relief for the property equates to 100% discount for most occupiers. Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.
For enquiries, viewing, and general information, please contact:
T: 0191 280 4237
M: 07949 938210
Property type: Retail
Rateable value: £10000
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