This unit forms part of a newly developed retail block in a prominent location at the junction of Coutts Road with Fossway. The development is in the pleasant residential suburb of Walkergate, 3 miles to the east of Newcastle City centre.
The immediate area comprises predominantly residential accommodation and it is expected that this should be able to generate potentially high levels of captive trade. The unit has roadside presence, supported by designated parking and this will be of benefit to both the collection and delivery elements of this type of operator.
Comprises a ground floor lock up unit with rear access and forming part of a small development which includes a very busy Costcutter store. The unit is unfinished and the landlord will work with any potential tenants regarding fit and finish.
The approximate floor areas are as follows;
Retail Area 400 sq.ft. (37 sq.m.)
Rear Area 133 sq.ft. (12 sq.m.)
Shared Yard with internal and street access.
The premises are assessed as follows:
Description Rateable Value
Shop & Premises to be assessed
Rating - D
The property is available on a new full repairing and insuring lease at a rent of £7,800 per annum. Full terms to be agreed. Incentives will be available for fit out which could include;
- Wall Cladding
- Toilet Facilities
Gas, water and electricity is supplied to the site.
The ingoing tenant will be responsible for the landlord’s reasonable legal costs in preparing the new lease.
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.