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Retail Unit

Newcastle upon Tyne £10,500 per annum Leasehold (fees apply) REF: NE1551

Location

The premises are located on a busy suburban road at the junction of Fenham Hall Drive with Convent Drive.  The immediate area is a mixture of retail, food and residential accommodation and there are also two large schools and the local swimming baths nearby.

The premises were trading as a Hair & Beauty Salon until recently but would be suitable for other uses subject to planning, and landlord’s consent.  There is parking to the front of the unit and ample street parking nearby.

Description

The premises comprise a semi-detached self-contained two storey property of traditional brick construction with a pitched roof over.

Measurements - The property has been measured in accordance with the Code of Measuring Practice and reported on a Gross Internal Area basis as follows:

Description sq.ft. sq.m.
GROUND FLOOR    
Front Office 307 28.5
Rear Office 165 15.4
Kitchen 85 7.9
W.C.    
FIRST FLOOR    
Front Office 242 22.5
Rear Office 165 15.4
Bathroom / W.C.    
TOTAL 964 89.7

Terms

The property is available on a new lease for a minimum term of 3 years at a rent of £10,500 per annum.  Rent is to be paid quarterly in advance by standing order only.  Full terms to be agreed.

Legal Costs

The ingoing tenant will be responsible for the landlord’s reasonable legal costs in the preparation of the lease.

Business Rates

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

Description                              Rateable Value

Shop & Premises                    £5,900

Rates free incentives may be available subject to individual status.

EPC

Rating E.

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.

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