Rent: £15,000 - £15,000
Region: Tyne and Wear
The premises are located within The Galleries Shopping Centre which provides over 500,000 sqft of retail accommodation approximately 10 miles south of Newcastle upon Tyne and with a catchment of over 500,000 persons within a 15 minute drive generating an annual footfall of almost 13 million people. The Galleries benefits from the presence of strong national retailers, including ASDA, Sainsbury’s, Boots, Pandora, McDonalds, Argos and Sports Direct.
The unit is located by the south entrance, with free parking and bus stops adjacent. It is an open fronted, single storey unit located on the ground floor, and nearby retailers include, Card Factory, O2, TUI andWarren James as shown on the attached Goad extract.
The accommodation is arranged on ground floor level, offering the following approximate floor area and dimensions:-
|Gross Frontage||16’ 7 ”||5 m|
|Internal Width||16’ 7”||5m|
|Ground Floor Sales||440 sq ft||41 sqm|
The property is held by way of an effectively Full Repairing and Insuring Lease for a term expiring 24th October 2020 at a rent of £15,000 pa excl subject to an outstanding rent review from October 2015. Further details are available from this office.
The lease is available by way of an assignment on terms to be agreed.
ENERGY PERFORMANCE CERTIFICATE
The property has an energy performance asset rating of C. A full copy of the certificate is available upon request from this office.
We are verbally advised by the local rating authority that the premises are assessed as follows:
|Rates Payable April 2018/19||£10,200|
Interested parties are advised to seek verification of the above from the local rating authority.
The current service charge on account stands at £2,609 per annum.
Each party will bear their respective legal costs incurred in connection with the transaction.
All figures quoted in these terms are exclusive of VAT where chargeable.
By prior appointment through @retail:-
DD: 0191 280 4235
Mob: 07960 466211
DD: 0191 280 4239
Mob: 07713 151 970
Property type: Retail
Rateable value: £21,250
Planning use: A1
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