Retail premises to let in High Street, Gosforth NE3

Location

The subject property is prominently located fronting High Street and Causey Street in Gosforth town centre. Gosforth High Street comprises a broad range of retailers, pubs, cafes and other commercial businesses. Gosforth Shopping Centre is centrally located on the High Street and is home to Sainsbury’s, Boots, Costa and Lloyds Bank, amongst others.

The High Street forms part of Great North Road, providing a direct route to Newcastle upon Tyne city centre, which is approx. 1.6 miles away and the A167(M) to the south and the A1(M) to the north. The High Street is serviced by local bus routes and there are Metro Stations nearby including South Gosforth which is 0.6 miles away and Regent Centre which is 0.7 miles away.

Gosforth is an affluent town and one of the highest value and most sought after residential areas within Newcastle upon Tyne.

Description

The subject property comprises an attractive, end terrace Georgian style building, occupying a prominent position on Gosforth High Street. The property is arranged over ground, first and second floors, providing retail space to the ground floor and office space to the first and second floors.

The property may be suitable for a variety of uses, subject to planning.

There is a yard/parking to the rear of the property.

Accommodation

We calculate the approximate net internal floor areas to be as follows:

Ground Floor 139.3m² 1,499ft²
First Floor 123.1m² 1,325ft²
Second Floor 54.6m² 587ft²
Total 317.0m² 3,412ft²

EPC rating

C68

Rating assessment

The rateable value of the premises as at 1 April 2023 is £34,000 and the estimated rates payable for the current year is £16,966. 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.

Terms

The property is available by way of a new lease with terms to be agreed at a rent of £35,000 (Thirty Five 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 we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.