Location
The shop is located on the main High Street close to its junction with Causey Street. Gosforth is an extremely sought-after residential suburb of Newcastle approximately 2 miles due north of the City centre with good schools, public transport links and local amenities.
The location of the premises generates very high levels of both captive and passing trade and there is also a pay and display car park almost directly opposite the unit.
Other High Street occupiers include Lloyds Bank, Sainsbury’s and Caffe Nero together with popular independent coffee shops, bars and restaurants.
The unit would be suitable for a broad variety of uses, subject to any required consents.
Premises
Comprises the ground and part of the first floor of a substantial two storey terraced property of traditional brick construction. The double shop front provides a large display space that looks directly onto the busy High Street.
The ground floor is effectively two open plan spaces with an internal split level. The unit is in good order throughout and was until recently occupied by a high end ladies fashion retailer. The upper floor space is accessed internally.
The gross floor areas are as follows;
Ground Floor
Main Retail Area circa 1,825 sq.ft. (73 sq.m.)
Rear Shop circa 325 sq.ft. (30 sq.m.)
2 x W.C.’s
First Floor
Stores circa 120 sq.ft. (11 sq.m.)
Services
Gas, electricity and water services are on site.
EPC
Rating - C.
Rates
Description; Shop and Premises
Rateable Value £34,250
Tenure
The premises are held by way of a 10 FRI lease from August 2020 at a passing rent of £34,000 per annum with a 3 month rent bond. There is a rent review in August 2025 and the service charge is currently £4,061.50 pa.
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.
