Retail premises to let in Forth Banks, The Forge NE1

Location

The subject property is located at The Forge on Forth Banks in Newcastle which is popular apartment building in the city centre. The property is prominently just 0.1 mile from Newcastle Quayside. The property is situated between the Quayside and the main city centre and is just 0.2 miles from Life Science Centre, 0.3 miles from Utilita Arena and 0.4 miles from Newcastle Central train and metro stations.

The property is in a high footfall location, directly opposite Stephenson Quarter Car Park and within close proximity to Crowne Plaza, Mantra Thai Dining, Copthorne Hotel and Travelodge.

Description

The property comprises an open ground floor retail unit which is currently presented in a traditional shell condition with concrete floor, exposed services etc and ready for tenant fit-out. The property provides a well-proportioned floor plate and may be suitable for a variety of uses STPP.

Accommodation

Ground floor 269.5m² 2,901ft²

EPC rating

B46

Rateable value

The property is yet to be assessed by the Valuation Office Agency (voa) for rating purposes. We would therefore recommend that any interested parties make contact with the Local Rating Authority, Newcastle City Council with regard to this matter.

Terms

The unit is available by way of a rent of £29,950 (Twenty Nine Thousand, Nine Hundred and Fifty Pounds) per annum.

Service Charge As the property forms part of The Forge an annual service charge is applicable on the unit for the general maintenance, cleaning and repair of communal and external areas throughout.

Legal costs

Each party is to bear their own legal costs involved in the transaction.

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

Anti-money laundering regulations

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.