This business is located within a small terrace of suburban shops approximately 1 mile from the town centre. Adjacent occupiers comprise mainly small independents but includes a pet supplies store and a hair & beauty salon.
Ashington is a former mining town approximately 15 miles north east of Newcastle upon Tyne and easily accessible via the A189 Spine Road. There are a number of new housing developments on and around the town boundaries and the planned reopening of the railway station in 2024 is likely to be of great benefit to commerce and the local population.
This property comprises a self-contained ground floor unit which forms part of a larger two storey mid terrace building.
The property has been measured in accordance with the Code of Measuring Practice and reported on a Gross Internal Area basis as follows:
Service Area circa 175 sq.ft. (16.3 sq.m).
Kitchen Area circa 260 sq.ft. (24.2 sq.m).
Prep 1 circa 140 sq.ft. (13.1 sq.m).
Prep 2 circa 175 sq.ft. (16.3 sq.m).
The property is occupied by way of a 20 year lease dated from 2013 at a current rent of £9,600 per annum (£800 per month). There are rent reviews every 5th year. Interested parties should seek legal confirmation of this.
Rating – TBC
Water, gas, electric and sewerage are installed and the property is in good order throughout.
The premises are assessed as follows:
RATEABLE VALUE £4,200
Rates free incentives are available subject to status.
Strictly by appointment with this office.
We are verbally informed that the premises are Freehold. Interested parties should seek legal confirmation of this.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.