The property forms part of a busy and popular parade comprising a mixture of residential and retail properties. Longbenton is a predominantly residential area but there are some large office developments nearby which generate a good flow of customers during lunchtimes.
The parade is very well established with the benefit of its own free parking and tenants include Greggs, Subway and Lloyds Bank together with a good selection of local independents.
The property is laid out to provide a retail area and stores to the ground floor with separate street access to the former offices above. Previously trading as an off licence, the unit is suitable for a variety of retail uses and the upper floor could possibly convert into a flat.
Comprises a mid-terraced two storey end terraced property of traditional construction with a tiles roof over.
Retail Shop circa 78 sq.m. (840 sq.ft.).
Store circa 31 sq.m. (329 sq.ft.).
First Floor with separate street acces
Offices circa 69.4 sq.m. (747 sq.ft.).
The premises are assessed as follows:
Shop Rateable Value £21,000
*Offices Rateable Value £5,000
*Rates free incentives subject to status
We are verbally informed that the premises are Freehold. Interested parties are advised to 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.