Retail premises to let in Delavale Terrace, Bowes Street, Blyth NE24

Blyth is one of Northumberland’s largest towns with a population of over 40,000 people (Census) on the North East Coast of England 11 miles north of Newcastle upon Tyne.

The property is situated adjacent to a Morrisons Supermarket and large free c300 space carpark (3 hours) which links to Blyth town centre to the. The property is adjacent to the Blyth Community Hospital which generates significant footfall past the building to the local retail offer. The unit is in the middle of a densely populated residential area.

The subject property is a purpose-built retail store predominantly over ground floor constructed in the mid 1990’s and fitted out to a good standard internally including:
• Suspended ceiling, • LED Lighting throughout
• Terrazzo floor
• Double glazed windows to the retail frontage.
• Passenger lift to First floor staff, WCs and kitchen
• Dedicated secure rear service yard
• Directly adjacent to Morrisons 300 free parking spaces (3 Hours max stay) & approx. 15 short stay bays adjacent (30mins)

Lease detail

The property is available by way of a new lease on tenants Full Repairing and Insuring terms at a commencing rental of £175,000 pax (c£8.00 psf) pax. The unit is self-contained and not subject to any additional service or estate charges.
The unit was one of the most profitable for Wilko. Pre-covid and prior to supply issues Wilko suffered from, the unit was 85/420 in terms of store profit.

New investment

The government has unveiled that Blyth will be one of 55 towns that will benefit from a £1.1 billion levelling up investment, as part of a long-term plan for towns that provide long-term investment in towns that have been overlooked and taken for granted.

Blyth will receive a ten-year £20 million endowment-style fund to be spent on local people’s priorities, like regenerating local high streets and town centres or securing public safety.

Energy performance certificate

The Energy Performance Asset Rating has been assessed as E (121). A copy if available on application.

Rates

With effect from 1 April 2023 we understand the property is assessed for rating purposes as follows: Rateable Value £100,000. Ubr 2023/2024 49.9p. Interested parties should verify the accuracy of this information and rates payable with the local Rating Authority (Northumberland County Council).

Accommodation:
Ground Floor: 20,614.00 sqft
First Floor: 1,087.00 sqft
Total: 21,701.00 sqft