Retail premises to let in Grainger Street, Newcastle Upon Tyne NE1

£80,000 pa (£1,538 pw)
Retail premises to let
Interested in this property? Call +44 330 038 7422 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Double fronted city centre retail unit
  • Attractive Listed Building Frontage
  • Nearby retailers include tj Hughes, Bon Marche, McDonalds, Start Fitness and the popular Grainger Market is located immediately to the rear

Property description

Location
The premises comprise the ground floor and basement of an attractive Grade 2 Listed building and are centrally situated on Grainger Street within the city centre. Nearby retailers include tj Hughes, Bon Marche, McDonalds, Start Fitness and the popular Grainger Market is located immediately to the rear as indicated on the attached Goad Extract.

Accommodation
The retail accommodation is arranged on ground and basement levels and offers the following approximate floor areas and dimensions:-

Gross Frontage
64 ft
19.5 m

Internal Width
62 ft 8”
19 m

Ground Floor Sales
2,020 sq ft
187.7 sq m

Basement Storage
1,467 sq ft
136.3 sq m

lease terms
The premises are offered by way of a new Full Repairing and Insuring Lease for a term to be agreed at an initial rent of £80,000 per annum exclusive, subject to five yearly rent reviews.

Rateable value
We are verbally advised that the premises are assessed as follows:-

Rateable Value
£129,000

Rates Payable April 2018/19
£64,887

Interested parties are advised to seek verification of the above from the Local Rating Authority.

Energy performance certificate
An Energy Performance Certificate (EPC) is available upon request from this office.

Legal costs
Each party will bear their respective legal costs incurred in connection with the transaction.

VAT
All figures quoted in these terms are exclusive of VAT where chargeable.

Viewing
By prior appointment through @retail:-
Ian Angus
dd: Mob: Email:

Property info

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For more information about this property, please contact
@retail, NE28 on +44 330 038 7422 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by @retail, and do not constitute property particulars. Please contact @retail 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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