Location
These commercial premises are located on Durham Road (A167) which runs through Low Fell and links Newcastle and Gateshead with the A1(M) Western Bypass. Low Fell is a popular and sought-after residential suburb with good schools, amenities and this unit is in the centre of the main busy shopping district.
Description
The premises form the first floor of a larger 3 storey end terrace property, the whole of which had been occupied by Virgin Money. The property is configured to provide 3 separate units and this is the self-contained upper floor.
Accommodation
The property has been measured with the following Gross Internal Areas;
Ground Floor
Lobby
First Floor
Office 1 (front) 204 sq.ft. (19 sq.m.)
Office 2 (front) 87 sq.ft. (8 sq.m.)
Office 3 (rear) 182 sq.ft. (17 sq.m.)
Kitchen
Staff
External
Parking There is a secure area off the back lane to the rear with one parking bay allocated.
Tenure
A new full repairing and insuring lease is available at a rent of £8,000 per annum with full terms to be agreed. Minimum length of lease 3 years.
VAT
VAT is not applicable.
Services
Water and electricity is installed on site.
Business Rates
The premises are assessed as follows:
Rateable Value: £3,500
Rates free incentives subject to status
EPC
Rating D.
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.