Retail premises for sale in Quorum Retail Parade, Newcastle Upon Tyne NE12

Guide price £1,695,000 (£172.45/sq. ft)
Retail premises for sale 9,829 sq. ft*
Interested in this property? Call +44 191 686 9796 * or Request Details

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Property description

Location


Quorum Retail Parade is located within Quorum Business Park which is a large, popular and established office park in Longbenton, Newcastle upon Tyne. Quroum Business Park benefits from a number of local and national office occupiers include Tesco Bank, Greggs Headquarters, Capita, Balfour Beatty, Home Group, Sitel, Engie tsg and the dvla. Other occupiers include PureGym and Kids 1st Nursery.

Quorum Business Park is accessed via Benton Road which provides direct access to A189 to the north and A1058 (Coast Road) to the south. There are a number of local bus routes on Benton Road and there are three Metro Stations within 1.5 miles of Quroum Business Park which are Longbenton, Benton and Four Lane Ends Interchange which is the most local bus station.

Quroum Business Park is approximately 4 miles north east of Newcastle upon Tyne city centre, 3 miles north east of Gosforth and 3.6 miles from A1(M).


Description


Quorum Retail Parade was constructed in 2011 and comprises five modern, single story retail and restaurant units. The units are of modern, steel frame construction with prominent retail frontages which face the entrance to the business park. The retail parade is set within a high-quality landscaped area and there is dedicated car parking for the retail parade.

Each of the units benefit from an enclosed external area to the rear for refuse storage.

Quorum Business Park itself comprises 16 modern office buildings which provide in excess of one million square foot of Grade A office accommodation to a number of local and national occupiers.


Terms


The subject property is available by way of long leasehold with a guide price of £1,695,000 (One Million Six Hundred and Ninety Five Thousand Pounds). The Property is held on a Long Leasehold basis for a term of 125 years less 3 days from 2nd April 2004.


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.


Legal costs


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

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Bradley Hall, NE1 on +44 191 686 9796 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bradley Hall, and do not constitute property particulars. Please contact Bradley Hall for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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