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Whitley Bay, 78 Park View

Rent: £23,500 - £23,500

Region: Tyne and Wear


LOCATION
Whitley Bay is a popular seaside commuter town with a population of 36,500 persons and a wider catchment of 200,000 persons. The subject premises benefit from extensive retail frontage and are located in a prominent position close to the Park View Shopping Centre where retailers include Sainsbury’s, Boots, Superdrug, Iceland and Select Ladieswear. The subject premise adjoins Newcastle Building Society and there is a strong mix of local and national retail and leisure representation within the immediate vicinity as show on the attached Goad Extract.

 

ACCOMMODATION
The accommodation is arranged on ground, first and second floors and offers the following approximate floor areas and dimensions:

Gross Frontage 44 ft 13.4 m
Internal Width 33 ft 8” widening to 38 ft 10” 10.23 m to 11.8 m
Ground Floor Sales 1,676 sq ft 156 sq m
First Floor Staff/Storage 1,071 sq ft 99 sq m
Second Floor Void

LANDLORDS WORKS
The landlord will be undertaking works to strip out the previous tenants shopfit and provide the ground floor area to a clean ‘white box’ specification.

 

LEASE TERMS
The premises are available by way of a new full repairing and insuring lease for a term of years to be agreed at an initial rent of £23,500 per annum exclusive.

 

RATEABLE VALUE
We are verbally advised that the premises are assessed as follows:-

Rateable Value £20,250
Rates Payable April 2019/2020 £6,627

The above rates payable figure assumes that the new occupier will benefit from the one-third reduction to rates payable figures introduced by the government in April 2019 for premises with an RV of less than £51,000.  Interested parties should make their own enquiries of the local rating authority for verification of the above.

 

ENERGY PERFORMANCE CERTIFICATE
An EPC is available upon request from this office.

 

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

 

VIEWING
Strictly by prior appointment through @retail:-
Ian Angus
DD: 0191 2804235
Mob: 07960 466211
Email: iana@atretail.co.uk

Property type: Retail

Rateable value: £20,250

Planning use: A1

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