Retail premises to let in Wanley Street, Blyth NE24

Location

The subject property is located on the corner of Wanley Street and Bowes Street in Blyth town centre. Bowes Street is a popular retail location within Blyth town centre which benefits from local and national occupiers including Tudor, Wilko, Blyth Cobblers and Blyth Healthcare Pharmacy. Bowes Street is also just 160 yards from Blyth Market Square, 0.1 mile from Keel Row Shopping Centre and just 140 yards from Blyth Community Hospital.

The property is 1 mile from the A193 which provides access to A189 (2.4 miles to the west) and Tynemouth to the south. There are bus stops within close proximity on Waterloo Road.

Description

The subject property comprises an end terrace building which occupies a prominent corner plot and provides ground floor retail accommodation. The property has most recently been occupied as an Indian Takeaway.

The property benefits from a Hot Food licence but may be suitable for a variety of uses, subject to obtaining change of use.

Accommodation

We calculate the approximate net internal floor areas to be as follows:
Ground floor 54.7m² 589ft²

Rating assessment

The rateable value of the premises as at 1 April 2023 is £6,800 and the estimated rates payable for the current year is £3,393.20. This is based on the uniform business rates multiplier of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

EPC rating

C61

Terms

The property is available by way of a new lease with terms to be agreed at £11,000 (Eleven Thousand Pounds) per annum.

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

Legal costs

Each party is to bear their own legal costs involved in the transaction.

Anti-money laundering regulations

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

Viewing

For general enquiries and viewing arrangements please contact Bradley Hall.