Retail premises to let in Park View, Whitley Bay NE26

Situation
Whitley Bay is a seaside town in the North Tyneside Borough and is around 10 miles east of Newcastle. The property is well located within the popular Park View parade and is prominently located on the corner of Roxburgh Terrace.

Accommodation
Arranged over ground, first and second floors with Staff WC/Kitchen facilities. The demise also includes the first and second floors of the adjacent 92/96 Park View, which benefits from a separate access.
There is a small private car park at the rear of the property for 4 vehicles, with 2 spaces for customer parking at the side.

Ground Floor Area
150m2
1,616ft2

First Floor Area
244m2
2,627ft2

Second Floor Area
126m2
1,358ft2

lease
The premises are held by way of a Fri lease for a term expiring 25th June 2026 at a passing rental of £40,100 per annum exclusive.

Terms
Incentives are available to an ingoing occupier subject to status.

EPC
Further details to follow, inspection arranged with EPC Surveyor.

Business rates

Rateable Value
£22,500

2023/2024 ubr
£0.499

Estimated Rates Payable
£11,228

Please note there is a potential further reduction of 75% on the above figures in 2023/24. 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.

Viewing
For enquiries, viewing, and general information, please contact:
Jonathan Chapman
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