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Whitley Bay, Unit 17 Park View Shopping Centre

Rent: £9,950 - £9,950

Region: Tyne and Wear

Town/City: Whitley Bay


SITUATION
Park View Shopping Centre is the prime shopping destination within Whitley Bay, linking Park View and Whitley Road.  Whitley Bay is a popular seaside commuter town, with a district population of 36,650 persons (North Tyneside Pop Stats 2013) and a wider catchment of circa 200,000 persons.

The town is situated approximately 10 miles east of Newcastle City Centre and is well linked via the Tyne & Wear Metro and the Coast Road (A1058).

 

ACCOMMODATION
This property sits centrally within the scheme adjacent to the busy Costa Coffee and the access to the access to the rooftop parking.

Total Floor Area 10m2 104ft2

There is the potential to utilise more space in the immediate area for sales/display.

 

LEASE TERMS
A new Effective Full Repairing & Insuring lease for a term to be agreed is available at an initial rental of £9,950 per annum exclusive.

 

SERVICE CHARGE
Circa £710 for the 2022 calendar year.

 

BUSINESS RATES

Rateable Value £10,500
2022/2023 UBR £0.499
Estimated Rates Payable £5,240

Given the Rateable Value is below £12,000, the current rates relief for the property equates to 100% discount for most occupiers. Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

 

COSTS
Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.

 

VIEWING
For enquiries, viewing and general information, please contact:
Jonathan Chapman
E: jonathan@atretail.co.uk
M: 07949 938210

Property type: Leisure, Retail

Rateable value: £10,500

Planning use: E

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