Retail premises to let in Park Road, Wallsend NE28

Location

The subject property is located on the corner of Park Road and High Street in Wallsend town centre. The property is situated within a popular and established business and retail location with nearby local and national occupiers, and The Forum Shopping Centre is just 0.2 miles away.

High Street forms part of the A193 which is a main road linking Newcastle upon Tyne city centre to the North Tyneside coast via the A19. The Coast Road (A1058) is less than 1 mile away. There are good public transport links to the property with Wallsend Metro Station just 0.2 miles away and local bus routes which service the High Street.

Wallsend is a town close to the bank of the River Tyne which is situated between the North Tyneside coast, 5 miles to the east and Newcastle upon Tyne, 4 miles to the west.

Description

The subject property comprises a ground floor retail premises with a traditional shop frontage and is well presented throughout. The property benefits from a suspended ceiling with strip lighting fitted and vinyl flooring.

The property was most recently let as a barber shop, however, it may be suitable for a variety of uses STPP.

Accommodation

Ground floor 40.13m² 432ft²

EPC rating

E117

Rating assessment

Description rv Estimated Rates Payable
Shop and Premises £4,950 £2,470.05

We are advised that the rateable value of the premises as at 1 April 2017 is £4,950 and we have estimated the actual 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.

Terms

The property is available by way of a new lease with terms to be agreed at £6,750 (Six Thousand Seven Hundred and Fifty Pounds) per annum.

Common water rates are charged on a floor area basis.

VAT

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.

Legal costs

Each party is to bear their own legal costs involved in the transaction.

Money laundering regulations

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.

Viewing

For general enquiries and viewing arrangements please contact Matthew Jackson at Bradley Hall.

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