Retail premises to let in Lobley Hill Road, Gateshead NE8

Location:

Located in a prime commercial area, With 864sqft (80sqm) of space available, this unit is perfect for anyone looking to establish a new storefront. The unit has free car parking to the side, and situated near Team Valley Trading Estate, offering plenty of foot traffic.

Description:

Previously used as a salon and builders show room, the space includes large windows for natural light and an open floor plan. The unit is made up of two main rooms, a kitchen/storage room, staff toilets and a rear service yard. This is an ideal unit for retailers starting out or looking to relocate their business. The property is clean and tidy and available for immediate occupation.

Accommodation:

The accommodation comprises the following approximate net internal areas.

Sales Floor - 864sqft (80sqm)

Lease Terms:

The unit is available via a new full repairing and insuring lease for a term of years to be agreed, subject to regular rent reviews at a commencing rent of £6,256 per annum exclusive.

Business Rates:

The current ratable value from (1st April 2023 to present): Shop & Premises - £2,950. The business may be eligible for small business rate relief which in some circumstances can equate to 100% rate relief. For further information please contact Gateshead Metropolitan Borough Council.

Legal Costs:

The Tenant is to reimburse the Landlord for all reasonable legal costs with regards to completing the Lease.

VAT

All figures quoted are exclusive of VAT where chargeable.

Viewing

By appointment only through sole agents, Thrower Stone Group.

Subject to Contract