Office to let in Grey Street, Newcastle Upon Tyne NE1
£24,372 pa (£18.00/sq. ft. pa)
Interested in this property?
Call +44 191 686 9796 *
* Calls to this number will be recorded for quality, compliance and training purposes.
The subject property is prominently located on Grey Street, in the heart of Newcastle upon Tyne city centre. Grey Street provides easy access to the Central Railway Station, Monument Metro Station and Eldon Square shopping centre; all of which are within walking distance.
Grey Street is a popular business location with surrounding occupiers including a number of national covenants including Royal Bank of Scotland, nrg Recruitment and Workman llp. Grey Street is also popular for both retail and leisure/food facilities playing host to many well-known restaurants such as BarLuga, Harry’s Bar, Las Iguana’s and All Bar One as well as Grey Street Hotel and The Theatre Royal.
The offices are situated on the first floor benefitting from floor to ceiling sash windows overlooking Grey Street. The suites are well presented throughout and benefit from traditional ornate ceilings and fireplaces along with suspended lighting, perimeter trunking and wall mounted air conditioning.
The floor provides predominantly open plan office accommodation, including reception, private meeting room, dedicated kitchen and WC’s. Access to the office is provided directly off Grey Street with on street parking also available.
1st Floor 124.4m² 1,354ft²
Description rv Estimated Rates Payable
Office and Premises £13,000 £6,487
We are advised that the rateable value of the premises as at 1 April 2017 is £13,000 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 49.9p in the pound. However, interested parties should confirm the current position with the Local Authority.
Awaiting EPC Rating.
The suites are available by way of assignment of the existing lease at £24,372 per annum. The lease expires on 23rd June 2025 and there is an outstanding rent review from June 2020. A copy of the lease is available on request. A service charge is payable with information available on request.
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
Each party is to bear their own legal costs involved in the transaction.
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
* Sizes listed are approximate. Please contact the agent to confirm actual size.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bradley Hall, and do not constitute property particulars. Please contact Bradley Hall 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.
View all De Grey Street commercial properties to let