Retail premises to let in Pilgrim Street, Newcastle Upon Tyne NE1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Prominent, Refurbished City Centre Retail Unit.
- Accommodation over 5 floors comprising 271.71 sq m (2,774 sq ft)
- Nearby occupiers include The Tyneside Cinema, Vicolo Bar and McColls.
- Situated opposite the proposed ‘Stack’ shipping container box park
- Asking rent £35,000 per annum.
- Ground and First Floor sales area of 115.01 sq m (1,238 sq ft)
Property description
Accomodation
The property provides the following approximate floor areas:-
Ground Floor Sales 517 sq ft 48.03 sq m
First Floor Sales 721 sq ft 66.98 sq m
Second Floor 492 sq ft 45.71 sq m
Third Floor 678 sq ft 62.99 sq m
Basement 366 sq ft 34.00 sq m
Total 2,774 sq ft 257.71 sq m
Use
The property currently benefits from a Sui Generis use consent for Gaming and Gambling, however, it could be suitable for a number of other uses subject to the appropriate planning consents.
Terms
The premises are available by way of a new full repairing and insuring lease at a rent of £35,000 per annum (exclusive). All other terms are to be agreed by negotiation.
Rating assessment
The rating assessment currently appearing on the 2017 Valuation List is as follows: -
Shop & Premises: £33,250
The Uniform Business Rate for the year 2017/18 is 47.9 pence in the pound.
Legal costs
Each party to bear their own legal costs incurred in the transaction.
EPC
An energy performance certificate is available on request.
VAT
All figures quoted are exclusive of VAT where chargeable.
Anti-money laundering
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.
Viewing
By appointment through Johnson Tucker LLP.
Property info
Nearby transport
- Manors (0.3 miles)
- Newcastle (0.4 miles)
- Dunston (2.0 miles)
- Newcastle Airport (5.5 miles)
- Durham Tees Valley Airport (33.0 miles)
- Leeds Bradford International Airport (76.7 miles)
- Newcastle International Ferry Terminal (6.6 miles)
- North Shields Ferry Terminal (7.0 miles)
- South Shields Ferry Terminal (7.0 miles)
Nearby schools
View all schools in Newcastle upon Tyne- Christ Church CofE Primary School (0.4 miles)
- Our Lady and St Anne's RC Primary School (0.6 miles)
- Newcastle Preparatory School (0.7 miles)
- Bahr Academy (1.1 miles)
- Heaton Manor School (1.7 miles)
- Dame Allan's Senior School (1.7 miles)
- Royal Grammar School (0.7 miles)
- Newcastle High School for Girls (1.0 mile)
- Northern Counties School (SEN) (1.1 miles)
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Johnson Tucker LLP, NE15 on +44 191 244 9616 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Johnson Tucker LLP, and do not constitute property particulars. Please contact Johnson Tucker LLP 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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