Commercial Property To Let
Offices
Office / Retail
Newcastle upon Tyne
£20,000 To Let (Leasehold)
REF: NE2217
Location
The premises are located above Barras Bridge Post Office at the northern end of Northumberland Street and close to the Haymarket Transport Interchange.
This is an extremely busy part of the City, known locally as Haymarket, which is also home to the main public transport interchange which generates high levels of potential customers from both buses and Metro RTP.
Northumberland Street is the main retail street serving the City and is home to Marks & Spencer, Fenwick’s and a multitude of other large retail operators. This part of the City is also home to both Universities so as well as the local shoppers and workers, there are a large number of passing students.
Description
The premises comprise the first and second floors of a five-storey mid terraced building of rendered brick construction with a pitched slate roof over. Access is via Northumberland Street and the first floor provides a pleasant split-level space with another open plan, level space on the second floor with a toilet and kitchenette.
The configuration allows for both retail and office use but was most recently used for the sale and hire of fancy dress products. The unit could be suitable for other uses, subject to landlord’s consent and planning.
Accommodation
Ground Floor
Lobby
First Floor
Office / Retail 984 sq.m. (900 sq.ft.)
Second Floor
Office / Retail 53 sq.m. (565 sq.ft.)
W.C.
Services
There are separate electricity and water services.
Business Rates
The premises are assessed as follows:
Description Rateable Value
Shop & Premises £14,500
Terms
The premises are available on a new FRI lease for a term of years to be agreed. The rent is £20,000 per annum plus a service charge when required. Full terms and conditions to be agreed.
Legal Costs
The ingoing tenant will be responsible for the landlord’s reasonable legal costs in the preparation of the new lease.
EPC
Rating tbc.
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.
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