Retail premises to let in Park Avenue, Whitley Bay NE26

Location
Whitley Bay is a popular seaside commuter town, with a district population of 36,500 persons (Focus 2001), and a wider catchment of 200,000 persons. The town is situated approximately 10 miles east of Newcastle City Centre and is well linked via the Tyne Wear Metro and The Coast Road (A1058).

Description
Park View Shopping Centre is the prime shopping destination within Whitley Bay, linking Park View and Whitley Road. The scheme houses the town centres principal car park at roof top level with spaces for circa. 170 cars. Retailers located within the scheme include Sainsburys Local, Boots, Iceland, Superdrug, Costa, Select Ladieswear, Home Bargains, Card Factory, and more.

Accommodation
This prominent unit sits adjacent to Peacocks and Hays Travel and is located near the entrance of the centre. The unit provides the following approximate floor areas:-

Ground Floor
98.94 sq m
1,065 sq ft

lease terms
The property is available at a rent of £30,000 per annum exclusive, on lease terms to be agreed.

Service charge
The current On Account Service Charge for 2018/19 is circa £7,284.14 pa

rateable value
We are verbally advised that the rateable value for the property is as below:

Rateable Value
£20,250

Rates Payable 2019/20
£9,942.75

A further 33% rates relief may be available to tenants, subject to status.
Interested parties should verify the accuracy of this information and the rates payable with North Tyneside Council (Tel:

energy performance certificate
The Energy Performance Asset Rating for the property is C(69).

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

Viewing

Strictly by prior appointment through @retail:

Ian Thurlbeck

dd: Mob: Email:

Or

Pete Townsend

dd: Mob: Email: