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Retail Unit

Newcastle City Centre £54,500 per annum Leasehold (fees apply) REF: NE1114

Location

The business is located within a bespoke retail hub that forms part of the Metro Station entrance and upper concourse at Haymarket.  This is an extremely busy parade and there is access to the shop from both the station and street level.  Haymarket is also home to the main bus interchange and this also generates high levels of passing customers.

The Haymarket Hub lies at the northern end of Northumberland Street which is home to Marks & Spencers, Fenwicks and a multitude of other large retail operators.  The Hub is also close to both Newcastle and Northumbria Universities and therefore there are also a large number of students in the vicinity of this unit.

The premises are currently configured to provide a standard retail unit trading as a newsagents.  The unit would be suitable for a variety of uses subject to any required consents.

Premises

Comprise a self-contained ground floor lock up unit forming part of a retail centre.

Retail Shop    circa 548 sq.ft. (51 sq.m)

Store               circa   54 sq.ft. (  5 sq.m)

W.C.                communal facility.

Fixtures & Fittings

A full inventory would be made available prior to an exchange of contracts.

Services

Water and electricity are supplied to the unit.

Rates

We are verbally informed that the premises are assessed as follows:

Rateable Value           £62,500 (2017 list)  

Tenure

The premises are held by way of a 15 year lease from 2010. The current rent is £54,500 per annum and there is a 5 yearly rent review pattern. Interested parties should seek legal confirmation of this.

EPC

Rating - E.

 

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