Location
These end terrace premises are located within a busy parade of shops and food outlets which serve the thriving Newcastle suburb of Heaton.
The immediate area comprises predominantly good quality private residential housing, together with a pleasant mixture of sole trading business operators. There are a number of food outlets on this strip of Heaton Road which include shops, cafes and restaurants and the area is establishing a reputation as a food destination.
The premises were most recently used as a kitchen and bathroom showroom but would be suitable for a variety of uses, subject to any required consents.
This is a rare opportunity in this location and an early inspection is recommended.
Description
The property comprises a mid-terrace ground floor retail unit forming part of a larger parade.
Accommodation
The property has been measured in accordance with the RICS Code of Measuring Practice and has the following Gross Internal Areas;
Ground Floor
Retail Space 435 sq.ft. (40 sq.m.).
Rear Office 155 sq.ft. (14 sq.m.)
Store / Garage 225 sq.ft. (21 sq.m.)
W.C.
Tenure
A new full repairing and insuring lease is available at a rent of £16,000 per annum with full terms to be agreed. Minimum length of lease 3 years.
Business Rates
The premises are assessed as follows:
Rateable Value £8,100
Rates free incentives are available.
Services
Gas, water and phase III electricity on site.
EPC
Rating TBC
Legal Costs
The ingoing tenant will be responsible for the landlord’s reasonable legal costs in the preparation of the new lease.
Money Laundering Regulations:
In accordance with the current Anti-Money Laundering Regulations, the Tenant will be required to provide two forms of identification and proof of the source of income.
