Rent: £34,000 - £34,000
Region: Tyne and Wear
Town/City: Newcastle upon Tyne, Whickham
The subject property is prominently located on Whickham Front Street, close to its junction with Rectory Lane. Whickham is 7 miles west of Newcastle upon Tyne and 1 ½ miles south of the Metro Centre/A1 (M). There are car parking facilities a short walk from the premises.
A split-level property arranged over ground and first floors.
|First Floor Offices/Staff||82m²||878ft²|
The premises are occupied by way of three leases, details of which are found below: –
38/40 Front Street – The premises are held by way of a FRI lease for a term expiring 17th June 2028 at a passing rental of £9,275 per annum exclusive. Subject to BO 17th June 2023.
42 Front Street – The premises are held by way of a FRI lease for a term expiring 17th June 2028 at a passing rental of £17,225 per annum exclusive. Subject to BO 17th June 2023.
Bank Extension – The premises are held by way of an effective FRI lease for a term expiring 28th September 2064 at a passing rental of £7,500 per annum, subject to 7 yearly rent reviews.
Further details available upon request.
Further details of the Energy Performance Certificate to follow.
|Estimated Rates Payable||£15,469|
Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.
Each party is to be responsible for their own legal/professional costs incurred with this transaction.
All figures quoted are exclusive of VAT and other charges where applicable.
For enquiries, viewing, and general information, please contact:
M: 07949 938210
Property type: Retail
Rateable value: £31,000
Planning use: E
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