Office to let in Grey Street, Newcastle Upon Tyne NE1

Location

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 Harry’s Bar, Las Iguana's and Browns as well as Grey Street Hotel and The Theatre Royal.

Description

The property is situated on the 3rd floor, accessed directly off Grey Street, there is a communal entrance with lift access directly into the Suite. Shower facilities are located on the ground floor, which can be accessed from the rear of the building.

The office is self-contained with a large boardroom, a separate 8 person meeting room, 2 private offices and a kitchen. All finishes are to a high specification.

The suite has fully accessed raised floors, strip LED lighting, cat 5 cabling and demised toilet facilities.

The suite benefits from 3 secure car parking spaces to the rear of the property, with communal bike storage facilities.

Accommodation

3rd floor 237.5m² (2,584ft²)

EPC rating

B49

Rating assessment

Description rv Estimated Rates Payable
Office and Premises £41,250 £20,583.75

We are advised that the rateable value of the premises as at 1 April 2017 is £41,250 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.

Terms

The property is available by way of a new Fri lease with terms to be agreed at £18.50 per ft². A service charge in relation to the maintenance of the buildings communal areas will be payable with further details available on request.

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.