Retail premises to let in Durham Road, Felling, Gateshead NE9

Location

The premises are located on Durham Road, Gateshead.

Located mid terrace on a setback retail parade, the surrounding occupiers offer a combination of retail, leisure and commercial properties.

Durham Road is a busy location with high traffic and pedestrian foot flow and offers strong communication links to the surrounding area, whilst benefiting from all local amenities and transport links.

The exact location is shown on the attached location plan.

Description

The subject property is located on the first floor above a Chinese takeaway, with a dedicated entrance on the ground floor.

Formerly a Mexican restaurant (peyote) the property is fully fitted out and functional to operate.

Access to the first floor is by a main staircase leading to a reception, WC facilities and bar.

The main restaurant area offers circa 34 covers, in its current layout. The fully fitted commercial kitchen is accessed to the rear with additional stores.

In addition, there is first floor external storage with fire exit leading to the communal platform perimeter balcony.

Externally, behind the property is communal car parking and loading facilities.

Accommodation

From onsite measurements the areas have been calculated as follows (NIA):

First Floor
Restaurant / Bar / Kitchen & Stores

total (NIA) : 92.70 m²
(988 sq ft)

Services

It is understood the site and premises benefit from all mains services including electric, gas, water and drainage.

(It is recommended that all interested parties contact the local service providers to ensure that the services are operational.)

Business rates

It is understood from the Local Rating Authority that the premises are assessed at

rv £8,400

Tenure

The accommodation is available on a new Fri lease, for a term of years to be agreed.

Rent

£14,000 p.a. (exc).

Incentives may be available subject to covenant and lease term.

Rent bond

The landlord will require a 3 month rent bond to be held for the duration of the lease.

Energy performance certificate

C – 57.

Full details available upon request.

VAT

VAT will be chargeable at the prevailing rate.

Legal costs

The ingoing tenant will be responsible for the landlords’ reasonable legal costs in connection with any transaction.

Viewing

By prior appointment with Frew Pain & Partners, contact:

James E F Pain
Tel: Email:

Nov 2022