Locatio
The shop is located on Clayton Road which runs off Osborne Road towards Great North Road. Jesmond is possibly the most sought-after residential suburb of Newcastle and approximately 1 mile North East of the City centre. There is an excellent local infrastructure with good schools, public transport links and amenities.
This unit forms part of a thriving and popular parade on the south side of Jesmond within a predominantly residential area. The parade is home to a selection of high quality, mostly independent, operators that include clothing boutiques, coffee shops and beauty salons.
The location of the premises means that there are very high levels of both captive and passing trade and there is free, short stay, car parking in front of the parade. The unit would be suitable for a variety of retail uses, subject to any consents.
Premises
Comprises a ground floor retail unit forming part of a larger two storey terraced parade. The unit is in excellent order throughout and is currently operating as a gents clothing outlet.
The accommodation is laid out as follows;
Ground Floor
Retail Shop circa 310 sq.ft. (29 sq.m.)
W.C.
Services
Mains electricity, water and sewerage services are connected to the property.
EPC
Rating B.
Business Rates
Rateable Value £11,500 (from 2023)
Rates free subject to individual status.
Tenure
The premises are available on a new lease at a commencing rent of £14,500 per annum. Full details on application.
Legal Costs
The ingoing tenant will be responsible for the landlord’s legal costs in the preparation of the new lease.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
Joint Agent
McGillivrays 0191 261 25 25
