A prominent ground floor shop fronting onto the busy A167 Durham Road in Gateshead. Suitable for Class A2 or general retail use. The whole of the property may be available for sale on a freehold basis.
* Prominent building front onto busy A167 Durham Road
* Suitable for residential conversion (subject to planning consent)
* Ground floor available at a rent of £20,000 per annum
* Price £280,000
The property is situated approximately ½ mile south of Gateshead town centre and fronts on to the busy A167 trunk road which is a main route through Gateshead into Newcastle City centre and benefits from a high volume of passing traffic.
The property is situated in a largely residential area of the town, but is also within easy walking distance of the facilities in the town centre, including the new Trinity Square Shopping Development, Cinema and Metro Interchange station.
The property comprises the ground floor of a two-storey (plus attic) semi-detached building of brick construction under a slate covered pitched and hipped roof. It benefits from external roller shutters to the principal elevation.
Internally, the property provides a retail area to the front, with additional ancillary space to the rear and extends to a net internal area of 123.21 sq m (1,326 sq ft).
There are toilets to the ground floor. The first floor is separately accessed from the side of the building and comprises vacant, former residential /office accommodation over first and attic floors.
We understand the ground floor of the property has most recently been used for a use falling within use class A2 of the Town & Country Planning (Use Classes) Order 1987. We anticipate the property is suitable for uses falling within use class A2, or for general retail purposes and may be suitable for alternative uses subject to all necessary consents, including planning consent, being obtained.
The whole of the property extends to a gross internal area of around 374.19 sq m (4028 sq ft).
The whole of the property is available for sale on a freehold basis. The ground floor of the property is available to let by way of a new full repairing and insuring lease for a term of years to be agreed.
The whole property is available for sale at £280,000.
The ground floor is available to let at a rent of £20,000 per annum payable quarterly in advance.Outgoings
The ground floor of the property has a rateable value of £6,200.
The first floor of the property has a rateable value of £9,200.
Interested parties should make enquiries directly with the Local Authority to establish the actual rates payable.VAT
The property is not registered for VAT and therefore VAT will not be payable on the rent.Legal costs
Each party is to bear their own legal costs.Other
Gateshead Civic Centre, Regent Street, Gateshead, NE8 1HH (Telephone All figures quoted above are exclusive of VAT where chargeable.
The ground floor of the property has an EPC rating of d-89.
The upper floors of the property have an EPC rating of e-123.
Copies of the epc’s and recommendation reports are available on request.
The Code of Practice for Commercial Leases in England and Wales recommends parties intending to enter into leases should seek advice from professionals or lawyers at an early stage. The Code is available through professional institutions and trade associations or through the website, viewing
Strictly by appointment with sole agents, YoungsRPS Newcastle office on Ref: Paul Fairlamb or Michael Blake.
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