Location
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 in the south of Jesmond and 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.
The accommodation is laid out as follows;
Ground Floor
Retail Shop circa 375 sq.ft. (35 sq.m.)
Rear Store circa 120 sq.ft. (11 sq.m.)
Office circa 70 sq.ft. ( 7 sq.m.)
W.C.
Services
Mains electricity, water and sewerage services are connected to the property.
EPC
Rating TBC.
Business Rates
Rateable Value £13,750 (from 2023)
Rates incentives subject to individual status.
Tenure
The premises are available on a new lease at a commencing rent of £18,000 per annum (£1,500 per month). Full details on application.
Legal Costs
Each party will bear their own 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.
