Location
The unit is located on Market Lane, a busy road which runs parallel with the A1 Western Bypass from Dunston through Swalwell to Blaydon. The area is mixed use with a range of commercial, retail and residential property all close by.
Description
The opportunity comprises a ground floor retail unit that provides a large sales area with two separate rooms to the rear plus kitchen and both male and female WC’s.
The unit was previously operating as a barber shop and is in reasonable order but the landlord will assist with some initial repairs or offer an appropriate rent free period.
Ground Floor
Sales Area (gross) 850 sq.ft. (79 sq.m.)
Kitchen
Gents WC
Ladies WC
Terms
The premises are available on a new lease at an asking rent of £750 per calendar month (£9,000 per annum). Interested parties should seek legal confirmation of this.
Legal Costs
The ingoing tenant will be responsible for the landlord’s reasonable legal costs in the preparation of the new lease.
Business Rates
The premises are assessed as follows:
Rateable Value £7,200
Rates free incentives subject to status.
Services
Water and phase 3 electricity is installed.
EPC
Rating – D
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.
