Rent: £29,000 - £29,000
Region: Tyne and Wear
The premises are situated on pedestrianised High Street West close to the junction with Union Street leading to Market Square and The Bridges Shopping Centre. Nearby retailers include Marks & Spencer, British Home Stores, Poundland, McDonalds and Boots Optician as indicated on the attached Goad Extract. Multi-storey car park facilities on nearby St Mary’s Way contribute to pedestrian flow levels in the vicinity.
An A3 Planning Consent has been secured for the premises meaning they are suitable for Restaurant/Café or Retail uses.
The premises are arranged on ground floor and two upper floors as follows:-
|Gross Frontage||31 ft||9.42 m|
|Internal Width||29 ft||8.8 m|
|Ground Floor||2,324 sq ft||215.9 sq m|
|First Floor||2,719sq ft||252.6sq m|
The property is offered by way of a new Full Repairing and Insuring Lease for a term to be agreed and subject to five yearly rent reviews at an initial rent of £29,000 per annum exclusive.
ENERGY PERFORMANCE CERTIFICATE
An Energy Performance Certificate (EPC) is available upon request from this office.
Each party will bear their respective legal costs incurred in connection with the transaction.
According to the Valuation Office Website – https://www.gov.uk/correct-your-business-rates, the 2018 Draft Rating Assessment is as follows:-
|Rates Payable for year commencing 1 April 2018||£29,623.64|
Interested parties should make their own enquiries as subject to individual circumstances the actual amount payable may vary.
All figures quoted in these terms are exclusive of VAT where chargeable
By prior appointment through @retail:-
DD: 0191 2804235
Mob: 07960 466211
Property type: Retail
Rateable value: £49,500
Planning use: A1, A2 & A3
Download property details document
Get in touch with our local expert consultants to start a discussion about your requirements.
© Copyright 2020
Site delivered by Cargo Creative