Retail premises to let in High Street, Gateshead NE8

Location

The property is located on High Street, Gateshead, which is a mainly retail / commercial area. This location offers excellent access to Gateshead town centre which is a short walk away or alternatively easy access to Felling Bypass, giving good communication links both North and South. All local services and amenities are provided a short distance away. The exact location is shown on the attached plan.

Description

The property comprises an end terrace retail unit with excellent frontage and passing traffic. Internally the property is to be refurbished to offer an open plan front retail sales area and rear stores with WC facilities. The accommodation will offer plaster/painted walls, suspended ceilings with recessed lighting. The retail unit offers excellent frontage and visibility from Charles Street (A184). Externally the property has security roller shutters. Formally a pet shop the property could be used for a variety of uses subject to planning.

Accommodation

From onsite measurements the premises briefly comprise as follows:

Retail unit / showroom 107.55m2
Exc WC

total gia: 107.55M2 (1,158 sq ft)

Services

It is understood the property benefits from all mains services. (It is recommended that all interested parties contact the Local service providers to ensure that the services are operational.)

Business rates

We understand from informal discussions with the Local Rating Authority that the premises are assessed at:

No 265/269 : Rv £7,600.

It is recommended that all interested parties contact the Local Authority to confirm these figures.

Tenure

The premises are available by way of a new Full Repairing and Insuring lease for a term of years to be agreed.

Rent

Our client is seeking a rental in the region of £10,000 p.a. Incentives may be available subject covenant and lease term. A rent deposit may be required subject to lease and covenant.

Energy performance certificate

Upon request.

VAT

VAT will be chargeable at the prevailing rate.

Legal costs

The ingoing tenant will be responsible for the landlords’ reasonable legal costs in connection with any transaction.

Viewing

By prior appointment with Frew Pain & Partners, contact:

James E F Pain
Tel: Email:

October 2018