Retail premises to let in Clayton Street, Newcastle Upon Tyne NE1
£25,000 pa (£23.23/sq. ft. pa)
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- Ground floor city centre retail unit
- Prominent return frontage
- Suitable for a variety of uses
- Close to major retail and leisure operators
- Total Size: 99.99 sq m (1,076 sq ft)
- Rent: £25,000 pa exclusive
The property is located in a prominent position on Clayton Street, on the junction with Charlotte Square, close to Westgate Road. Clayton Street is an improving location, in close proximity to the southern end of the redeveloped InTu Eldon Square, one of the largest city centre shopping destinations in the UK with an annual footfall of 35 million. Located nearby is the Hotel Indigo Newcastle whilst 500 meters north of the property is The Gate Complex as well as the more recently redeveloped Co-op Department Store and Newgate Shopping Centre developments, providing a comprehensive array of retail, leisure and night time activity.
The accommodation comprises of a ground floor return frontage retail unit providing clear retail space with ancillary sales and staff/storage accommodation to the basement. The unit is alarmed and benefits from an external roller shutters to the shop front.
The accommodation comprises the following approximate Net
Ground Floor Sales 88.65 sq m 954 sq ft
Basement 11.34 sq m 122 sq ft
Total 99.99 sq m 1,076 sq ft
The unit is available via a new full repairing and insuring lease at rent of £25,000 per annum, for a number of years to be agreed.
The rating assessment currently appearing on the 2017 Valuation List is as follows: -
Shop & premises £27,000
The small business rate multiplier for the year 2021/2022 is 49.9 pence in the pound.
Each party to bear their own legal costs incurred in the transaction.
The property has an Energy Performance Certificate rating e-107.
All figures quoted are exclusive of VAT where chargeable.
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.
* 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 Johnson Tucker LLP, and do not constitute property particulars. Please contact Johnson Tucker LLP 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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