Location
The property is located within the main shopping area serving the popular and thriving suburb of Heaton which is approximately 2 miles due east of Newcastle City centre. There is a good mix of residents within Heaton including students, young couples and families.
Chillingham Road is an extremely busy main road and bus route with occupiers that include Tesco Metro, Sainsbury’s Local, Subway, Domino Pizza and a wide range of independent retailers.
Description
The shop is currently operating as a clothing and accessories but would be suitable for a variety of uses, subject to landlord’s consent.
The premises comprise a self-contained ground floor unit forming part of a larger two storey terrace. Accommodation;
Retail Shop 430 sq.ft. (40 sq.m.)
Back Shop 300 sq.ft. (30 sq.m.)
2x W.C’s
Rear Yard with access to rear lane
Terms
Available on a new fully repairing and insuring lease with full terms to be agreed. The initial rent will be £22,000 per annum plus VAT.
Legal Costs
The ingoing tenant is to be responsible for the landlord’s reasonable legal costs incurred in preparing the lease.
EPC
Rating - C
VAT
The property is elected for VAT.
Business Rates
We are verbally informed that the premises are assessed as follows:
Rateable Value £9,700
Rates free incentives available subject to status.
Viewing
Strictly by appointment with this office.
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 source of income.
