Retail premises to let in 104A Bewick Road, Gateshead NE8

Location

The property is on the corner of Coatsworth Road in Bensham, which predominantly comprises of ground floor commercial units with upper floor residential accommodation. Vacancy rates are low, with this being a highly popular location due to its close proximity to Trinity Square/Newcastle and good transport links across the North East. Historically, Coatsworth Road has been the high street of Bensham for over 100 years, with local stores trading from this location to this day. Retailers on this road include Tesco Extra, Nisa Local, Subway, Ladbrokes, Lloyds Pharmacy and many various local retailers.

Description

This retail unit is ideal for any start or relocating business. It has previously been used as an office but could be used for most businesses. It is modern with wooden flooring and bright lighting. Situated on the corner of Coatsworth Road the unit benefits from a high footfall attracting many customers. The shop consists of a retail room, and staff toilets. The unit is secure and benefits from external roller shutters. It is clean, tidy and is available for immediate occupation.

Accommodation

The accommodation comprises the following approximate Net Internal Areas:
Ground Retail Zone : 36.3sqm (391sqft)
Ground Internal Storage/Kitchen/Toilets: 5.9sqm (63.6sqft)
Total Area: 42.2sqm (454sqft)

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 £7,800.00 per annum exclusive.

Business rates

The current rating assessment is as follows: Shop & Premises £3,050.00
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.

Viewings

By appointment through sole agents, Thrower Stone Group.

Subject to contract