Office to let in Merton Road, Newcastle Upon Tyne NE20

Location

The property is situated in the village of Ponteland. Ponteland has excellent transport links with Newcastle International Airport located 1½ miles and the A1 motorway 4 miles to the east via the Woolsington Bypass dual carriageway. Ponteland and neighbouring Darras Hall Estate together form one of the wealthiest commuter areas of Newcastle. Main Street is home to a good range of local amenities including Waitrose, Sainsbury’s Supermarkets, high street banks as well as several bars, restaurants and other retail and leisure outlets. The Merton Road shopping precinct provides excellent amenities with a local post office, cafes, hair salons and a gym.

Description

The property comprises a first floor suite, accessed from a communal entrance, which is made up of a number of different rooms with the benefit of its own kitchen and WC facilities. The suite is presented nicely inside with modern carpets and interesting wall paper finishes. The property could be used for a variety of different uses.

Accommodation

The property includes the following net internal areas:

Total 80.36 sq m / 865 sq ft

Terms

The premises are available by way of a new effectively full repairing and insuring lease at a rent of £9,600 per annum. All other terms are to be agreed by negotiation.

Rating assessment

The rating assessment currently appearing on the Valuation List is as follows:

Office and Premises - £10,750

The Small Business Rate for the year 2023/2024 is 49.9 pence in the pound. As the rateable value is below £12,000, eligible tenants could receive 100% business rate relief.

Anti-money laundering

In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant..

Legal costs

Each party to bear their own legal costs incurred in the transaction.

Energy performance

An energy performance certificate has been commissioned and will be made available as soon as possible.

VAT

All figures are exclusive of VAT where chargeable.