Retail premises to let in 10 Fairfield Terrace, Pelaw, Gateshead NE10

Location
The property is centrally situated within this popular area of Pelaw in a busy suburban parade opposite Aldi and above Dicksons Butchers. Other nearby include Greggs and Lidl together with a number of independent traders. The area offers good transport links via road and metro.

Description
The property comprises first floor accommodation with independent access from the street. It comprises a former long established hair salon benefitting from UPVC double glazing and gas central heating. It would be suitable for similar uses including beauty, tattoo, nails or similar.

Accommodation
The property briefly comprises as follows:-

ft2 m2
First Floor
Salon 493 45.80

Kitchen 92 8.55

Room 67 6.22

Washroom 82 7.62

Total 734 68.19

Tenure
A new Lease is available at a commencing annual rental of £6,000 for a term of years to be agreed (minimum 3 years) on Tenant internal repairing basis.

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.

Viewing
Contact – Marc Weaver or Alexa Reavley

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• VAT
Figures quoted exclude VAT where chargeable.
Rateable Value (rv)
The Valuation Office has confirmed the Rateable Value is £2,700. The Uniform Business Rate for the Rates Year 2022/2023 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation.

Based upon this assessment and subject to meeting certain criteria the tenant may be eligible for 100% Business Rates relief. Please contact the non-domestic rating department of the Local Authority for clarification

Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.

Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.

Ref
C4109

EPC

Energy Rating C