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Retail / Office / Food Unit
Jesmond
£5,000 (Leasehold)
REF: NE2256
Location
The shop is located at the east end of Jesmond Road, close to the junction with Osborne Avenue. This small shopping area is accesses directly off the A1058 Coast Road which gives excellent access throughout the region.
Jesmond is located approximately 1 mile north east of the City centre and is arguably the most sought-after residential suburb of Newcastle. There is an excellent local infrastructure with good schools, public transport links and amenities.
This unit forms part of a popular shopping area on the south-east side of Jesmond within what is a predominantly residential area. The parade is home to a selection of high quality, mostly independent operators that include a beauty salon, a delicatessen and some retail food outlets.
The location generates high levels of both captive and passing trade and there is free, short stay, car parking in front of the parade and on the side streets. The unit would be suitable for a variety of retail uses, subject to any consents.
Premises
Comprises a ground floor retail unit forming part of a busy parade. The space is in excellent order and currently operates as a protein cafe.
The accommodation comprises:
Ground Floor
Retail Shop circa 495 sq.ft. (46 sq.m.)
Galley Prep
W.C.
Services
Mains electricity, water and sewerage services are connected to the property.
Business Rates
Rateable Value £15,500
Incentives subject to status.
EPC
Rating C.
Tenure
The premises are held on a 10 year IRI lease from December 2024 with tenant only break clauses at the 5th and 7th anniversaries. Current rent £16,500 per annum and there is a rent review at the 7th anniversary. A 3 month rent bond is required.
Legal Costs
The ingoing tenant will be responsible for the landlord’s legal costs in the assignment of the existing lease.
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.
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