Retail premises to let in Bedford Street, North Shields NE29

Location
The Beacon Shopping Centre comprises over 186,000 sq ft of retail accommodation with in excess of 40 retail units. The centre is anchored by Wilko (52,000 sq ft), Home Bargains, Boots, Greggs, The Works and Holland & Barrett are among some of the retailers represented within the scheme. There is access to a dedicated car park providing 460 spaces and the centre has a footfall of 120,000 persons per week.

The premises are located on Bedford Street, the principal shopping street within the town centre and nearby retailers include Home Bargains, Peacocks, B&M, Hays Travel and Linen Warehouse as indicated on the attached Goad extract.

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

Internal Width
19ft 6”
5.97m

Ground Floor Area
919 sq ft
85.4 sq m

tenure
The premises are available to let by way of a new effectively full repairing and insuring lease for a term to be agreed subject to five yearly rent reviews at an initial rent of £18,500 per annum exclusive.

Rates
We are verbally advised by the Local Rating Authority that the premises are assessed as follows:-

Rateable Value
£14,250

Rates Payable April 18/19
£ 6,840

Interested parties are advised to seek their own verification of the above.

Service charge
The current on account service charge for 2018 is £4,848.

Energy performance certificate
A copy of the Energy Performance Certificate is available from this office.

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

VAT
All figures quoted in these terms are exclusive of any VAT that may be payable.

Viewing
Strictly by prior appointment through:
Ian Angus
dd: Mob: Email:

Or
Pete Townsend
dd: Mob: Email:
Or alternatively through our joint agent Jackson Criss