Location
These commercial premises are located on Durham Road (A167) which runs through Low Fell and links Newcastle and Gateshead with the A1(M) Western Bypass.
Low Fell is a popular and sought-after residential suburb with good schools, amenities and this unit is in the centre of the main busy shopping district.
Description
The premises form part of a larger 3 storey mid terrace property, the ground floor of which is a modern nail bar. The upper floors were used as overflow for the café that was previously on the ground floor. The kitchen was on the first floor and this is still extensively equipped.
Accommodation
The property has been measured with the following Gross Internal Areas;
Ground Floor
Lobby
First Floor
Main Room 570 sq.ft. (53 sq.m.)
Kitchen 242 sq.ft. (22 sq.m.)
W.C.
Second Floor
Store 237 sq.ft. (22 sq.m.)
Tenure
A new sublease is available at a rent of £8,000 plus VAT per annum with terms to be agreed. The current head lease is for a term of 10 years from February 2024.
Services
Water, gas and electricity is installed.
Business Rates
The premises are assessed as follows:
RATEABLE VALUE £tbc
Rates free incentives subject to status
EPC
Rating D.
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.
