Commercial Property To Let

Retail

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Retail / Office

Gateshead

£13,500 (Leasehold)

REF: NE2173

Location

 

The property is located in the centre of Jackson Street which is in the heart of the town centre and links High Street with West Street.  Gateshead is currently enjoying significant investment and the Council are committed to improving the central areas around the High Street and have been acquiring land and property with a long term view to regeneration.

 

Jackson Street is a busy bus route and one of the main routes through the town with a number of well-known occupiers including Subway, Bright House, Specsavers and the Post Office.

 

Business

 

The premises are currently used as a mobile phone accessory and vape shop but would be suitable for other uses, subject to consents.

 

There are strong levels of potential captive trade from the shoppers and workers but the busy road and bus stops also generate a certain level of passing trade. 

 

Viewing is recommended to fully appreciate the central location and potential.

 

Premises

 

Comprises a retail unit within a larger property;

 

Ground Floor

Retail Area circa 900 sq.ft. (84 sq.m.)

W.C.

 

1 car parking space to the rear of the property.

Terms

 

The premises are available by way of a new FRI lease at an asking rent of £13,500 per annum with a 3 yearly rent review pattern.  Full terms to be agreed.

EPC

 

Rating D.

 

Planning

 

We understand the premises currently have planning permission for use as A1 (Retail) under the Town & Country Planning (Use Classes) order 1987 (as amended). Effective Class E.

 

Business Rates

 

The premises are assessed as follows:

 

Description:                    Shops and premises

Rateable Value (2023):      £12,250

 

Rates free incentives subject to status.

 

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.

 

 

If you'd like to know more about how we work, give us a call on 0191 487 8566, we're always happy to help.

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