Retail premises to let in Haymarket, Newcastle Upon Tyne NE1
£57,500 pa (£41.16/sq. ft. pa)
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The subject property is located at Haymarket bus/metro station at the northern end of Northumberland Street within Newcastle City Centre.
Northumberland Street is a prime shopping pitch in the City and benefits from retailers such as Marks & Spencer, Primark and H&M.
Adjacent occupiers in the immediate vicinity include Lloyds tsb, Coral, Ladbrokes, Halifax Bank and Milligans Bakery.
The premises comprises of the ground and first floors of a mid-terrace building. The Money Shop currently occupies the corner plot unit with the benefit of return frontage onto both Percy Street and Northumberland Street.
The ground floor is currently fitted out as a currency exchange, with a customer area and trading counter accompanied by office and storage space at the rear. The first floor is a combination of offices and staff accommodation featuring a small kitchen, storage area and WC facilities.
The property has beneficial features in place which include, roller shutter doors, fire alarm, double glazed windows, Mitsubishi heating and cooling air conditioning system situated on both floors.
We understand that the accommodation provides the following:-
Retail Sales Area 66.60 m² 717 ft²
Storage 3.70 m² 40 ft²
First Floor 59.43 m² 640 ft²
Total nia 129.73 m² 1,397 ft²
Available by way of assignment, the premises are held on a lease for a term of 10 years from May 2010 on a Full Repairing and Insuring basis effective via service charge. Alternatively a sublease is available on an Fri basis for £57,500 (Fifty Seven Thousand Five Hundred Pounds) per annum.
Description rv Estimated Rates Payable
Shop and premises £58,000 £28,826
We are advised that the rateable value of the premises as at 1 April 2017 is £58,000 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 49.7p in the pound. However, interested parties should confirm the current position with the Local Authority.
Each party is to bear their own legal costs involved in the transaction.
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.
For general enquiries and viewing arrangements please contact agents Bradley Hall Chartered Surveyors or Sanderson Weatherall.
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* Sizes listed are approximate. Please contact the agent to confirm actual size.
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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