Office to let in The Side, Newcastle Upon Tyne NE1

Location

The premises occupy a prominent location of The Side, located between the traditional Centre Business District and the Quayside. With many bars and restaurants located in the vicinity this makes the location convenient for both business and entertaining. Newcastle central station and metro station are within 5 minutes walking distance.

Description

The property comprises two office units available separately or together as a whole. The units comprise several partitioned office suites, each with a single large office space. Each unit benefits from carpeted flooring, with recessed lighting and perimeter trunking. The third floor comes with the added benefit of additional loft space with office fit out.

The units share an access with the ground floor common area, providing pedestrian access out onto The Side thoroughfare.

Accommodation

Second Floor 82.2m² 885ft²
Third and Fourth Floor 109.7m² 1,181ft²
Total 191.9m² 2,066ft²

Rating assessment

Description rv Estimated Rates Payable
2nd Floor £5,040.00 £2,514.96
3rd & 4th Floors £5,325.00 £2,657.18

We are advised that the rateable value of the premises as at 1 April 2017 is as above 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.

EPC rating

D83

Terms

The property is available by way of a new lease with terms to be agreed on the following rents;

Second Floor - £9,750 per annum
Third & Forth Floor - £11,250 per annum

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.