Leisure/hospitality to let in Rutherford Street, Newcastle Upon Tyne NE4

Location/situation
Located to the west side of the City Centre, the property is situated on Rutherford Street adjacent to Newcastle's tallest building, Hadrian’s Tower, containing high end apartments and the 3Sixty Champagne Bar. The street sits just off Stowell Street which hosts diverse restaurants and public parking and is just off St James Boulevard with an average daily traffic flow of 19,000 and linking to St James Park Football Stadium as well as the Newcastle Helix development over the road.

Accommodation
Arranged over ground and first floor levels, the property has following approximate dimensions and floor areas:

Ground Floor Area
149sqm
1601sqft

First Floor Store/Staff
111sqm
1199sqft

Net Frontage
8.8m
28.9’

Depth
20.3m
66.6’

lease terms
A new lease outside the provision of the Landlord and Tenant Act is available at a rent of £17,000 per annum exclusive on terms to be agreed.

Business rates

Ground Floor Rateable Value
£10,000

First Floor Rateable Value
£5,300

Estimated Rates Payable- 2023
(*75% relief available)
£7,635 / £2,542*

Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

Costs
Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.

EPC
The property has an Energy Performance rating of C60. A copy is available on request from this office.

Viewing
For enquiries and general information please contact @retail. Viewing strictly via appointment.
Pete Townsend
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