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Washington, 45a The Galleries

Rent: £15,000 - £15,000

Region: Tyne and Wear

Town/City: Washington


LOCATION
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.

 

DESCRIPTION
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.

 

ACCOMMODATION
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

LEASE DETAILS
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.

 

TERMS
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.

 

RATEABLE VALUE
We are verbally advised by the local rating authority that the premises are assessed as follows:

Rateable Value £21,250
Rates Payable April 2018/19 £10,200

Interested parties are advised to seek verification of the above from the local rating authority.

 

SERVICE CHARGE
The current service charge on account stands at £2,609 per annum.

 

LEGAL COSTS
Each party will bear their respective legal costs incurred in connection with the transaction.

 

VAT
All figures quoted in these terms are exclusive of VAT where chargeable.

 

VIEWING
By prior appointment through @retail:-
Ian Angus
DD: 0191 280 4235
Mob: 07960 466211
Email: iana@atretail.co.uk
Or
Pete Townsend
DD: 0191 280 4239
Mob: 07713 151 970
Email: pete@atretail.co.uk

Property type: Retail

Rateable value: £21,250

Planning use: A1

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