Location
The suite is located on the upper commercial level of St Peters Wharf overlooking the Marina. St Peters Wharf forms part of St. Peters Basin which is located off the A186 Walker Road, 3 miles from Newcastle City Centre and the development benefits from a direct bus service into town.
This 1980’s development offers a pleasant mix of residential accommodation together with offices, retail and leisure space all with attractive views across the River Tyne and Marina.
Description
The opportunity is a single storey unit with dual entrances off the upper terrace walkway. The unit is configured to provide an open reception space together with 6 partitioned treatment rooms and separate kitchen facilities. The unit is very well appointed and was refurbished by the current tenant in 2024.
Accommodation
Ground Floor
Offices 130 sq.m. (1,400 sq.ft.).
Kitchen
Gents Toilets
Ladies Toilets
4 Car Parking Spaces
Occupational Lease
Occupied by Coco’s Tanning Lounge Limited (CRN 15450994) on a 5 year lease dated 16th May 2024. The current passing rent is £15,000 per annum with an upward only rent review at the 3rd anniversary and tenant break clause in May 2027.
EPC
Rating B.
Services
Mains electricity, water and gas are connected to the property. There is a modern alarm system and gas central heating is installed.
Business Rates
Rateable Value £9,800
Tenure
The property is held on a long leasehold interest for 125 years from 25th March 1993. A service charge is covered by the tenant.
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.
