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Former Newsagent

Newcastle City Centre £ Nil Premium REF: NE1114

Location

The business opportunity is located within a bespoke retail hub that forms part of the Metro Station entrance and upper concourse at Haymarket.  This is an extremely busy parade and there is access to the shop from both the station and street level.  Haymarket is also home to the main bus interchange and this also generates high levels of passing customers.

Premises

Comprise a self-contained ground floor lock up unit forming part of a retail centre.

Retail Shop    circa 548 sq.ft. (51 sq.m)

Store               circa   54 sq.ft. (  5 sq.m)

W.C.                communal facility.

Fixtures & Fittings

A full inventory would be made available prior to an exchange of contracts.

Rates

We are verbally informed that the premises are assessed as follows:

Rateable Value           £62,500 (2017 list)  

Tenure

The premises are held by way of a 15 year lease from 2010. The current rent is £54,500 per annum and there is a 5 yearly rent review pattern. Interested parties should seek legal confirmation of this.

EPC

Rating TBC.

 

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