Retail premises to let in Shields Road West, Newcastle Upon Tyne NE6

Location

The subject property is well situated on Shields Road in the Newcastle upon Tyne suburb of Byker. Shields Road is predominantly a retail location with elements of leisure and hospitality and also in close proximity to dense residential areas.

The property is situated 0.4 miles from Byker Metro Station and is also well equipped for bus transport with bus stops within 120 yards. The property is also accessible by car with road links including the A193, which is 130 yards away, the A1058 (Coast Road), which is 1.3 miles away and the A187, which is 0.7 miles away.

Byker is situated 3 miles east of Newcastle upon Tyne, 3.5 miles west of Wallsend and 8 miles west of North Shields.

Description

The subject property comprises an end terrace retail unit with an extensive glazed retail frontage and electric roller shutter security. The unit is arranged over ground floor and provides open plan retail space with rear storage and WC facilities.

The property may be suitable for a variety of uses, subject to obtaining necessary planning permission or change of use.

Accommodation

Total 84.3m² 907ft²

Rating assessment

The rateable value of the premises as at 1 April 2023 is £7,600 and the estimated rates payable for the current year is £3,792.40. 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.

EPC rating

D77

Terms

The property is available by way of a new lease with terms to be agreed at £12,000 (Twelve Thousand Pounds) per annum.

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.

Anti-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.