Retail premises to let in Park Avenue, Whitley Bay NE26

Situation
Park View Shopping Centre is the prime shopping destination within Whitley Bay, linking Park View and Whitley Road. Whitley Bay is a popular seaside commuter town, with a district population of 36,650 persons (North Tyneside Pop Stats 2013) and a wider catchment of circa 200,000 persons.
The town is situated approximately 10 miles east of Newcastle City Centre and is well linked via the Tyne & Wear Metro and the Coast Road (A1058).

Accommodation
This property sits centrally within the scheme adjacent to Iceland and directly opposite Home Bargains. The unit provides the following approximate floor areas: -

Ground Floor Sales
236m2
2,537ft2

First Floor Stores
74m2
800ft2

lease terms
A new Effective Full Repairing & Insuring lease for a term to be agreed is available at an initial rental of £50,000 per annum exclusive.

EPC
The property has an Energy Performance Certificate of Band B (31). A full copy of the EPC is available upon request.

Business rates

Rateable Value
£42,500

2023/2024 ubr
£0.499

Estimated Rates Payable
£21,208

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.

Service charge
A service charge is payable to cover the costs of the maintenance of the exterior structure and common parts.

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:
Ian Thurlbeck
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M: Or

Pete Townsend

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M: