Retail premises to let in Shields Road, Byker NE6

Location

The subject property is well situated on Shields Road in the Newcastle upon Tyne suburb of Byker. Shields Road is predominantly a retail location with elements of leisure and hospitality and also in close proximity to dense residential areas.

The property is situated less than a mile from Byker metro station and is also well equipped for bus transport with bus stops outside of the property. The property is accessible by car too with connection to Coast Road via Heaton Road/Chillingham Road and A167/Central Motorway via A193.

Byker is situated 3 miles east of Newcastle upon Tyne, 3.5 miles west of Wallsend and 8 miles west of North Shields.

Description

The subject property is a substantial three storey, mid-terrace property which is arranged over three floors.

The property benefits from floor to ceiling double glazed windows to the front of the building of the ground floor and benefits from pedestrian access to the front and rear of the building. The property comprises ground floor retail space with ancillary storage, there are six cellular office spaces to the first floor and additional office space and storage to the second floor. There is a lift which gives access to all floors.

Internally, the property is fitted with suspended ceilings throughout, cat II lighting, wall mounted air conditioning units and a vrf cooling system fitted within the building. The property is heated by a gas boiler and is heated using radiators throughout.

The property may be suitable for a variety of uses STPP.

Accommodation

Ground floor 199.7m² 2,031ft2
First floor 141.7m2 1,525ft2
Second floor 92.0m2 990ft2
Total 433.4m² 4,546ft²

EPC rating

D96

Rating assessment

Description rv Estimated Rates Payable
Bank and Premises £30,750 £15,344.25

We are advised that the rateable value of the premises as at 1 April 2017 is £30,750 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 £25,000 (Twenty Five Thousand Pounds) 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.