Retail premises to let in Forth Banks, Newcastle Upon Tyne NE1

Key Points

Description

The property provides a well configured retail sales area with solid concrete flooring throughout, floor to ceiling glazed frontage providing copious amounts of natural light to enter internally. The unit is currently in shell specification awaiting tenant fit out works. Both stepped and ramp access is available complying with dda regulations. The Forge often hosts several events throughout the course of each year which a suitable operator could benefit greatly from along with the circa 500+ residents on the upper floor apartments which are 99% occupied. Parking is also readily available 24/7 at The Stephenson Quarter car park situated directly opposite providing circa 360 spaces.

The landlord will consider carve out options dependent upon occupier requirements.

The subject property forms part of The Forge residential development which completed back in 2019 and accommodates circa 283 purpose-built apartments with a large proportion of residents being from international backgrounds. The Forge offers high spec facilities throughout and provides 24-hour on-site concierge service, private gym and landscaped courtyard. Adjacent and nearby occupiers include Mantra Thai Restaurant, Sachin's Indian Restaurant, West One Office complex, Northumbria Police Station and The Stephenson Quarter amongst numerous others.

Location

Newcastle upon Tyne is located in the Northeast of England and has an urban area population of some 190,000 persons. Newcastle is principally accessed via the A1, A19 and A69. Newcastle Airport, 7 miles northwest of the City Centre, provides international and domestic services. Sunderland is located 14 miles to the southeast, South Shields 14 miles to the east and Carlisle 58 miles to the west.

The subject property is situated on Forth Banks in Newcastle City Centre. The location can be classified as a secondary retail pitch within the city centre and sits directly opposite the newly developed Stephenson Quarter / Crown Plaza Hotel. The location provides a mix of retail, office, leisure and residential accommodation and benefits from excellent transport links being only a short walking distance away from Newcastle Central Station.

Terms

The premises are available to let by way of a new Effective Full Repairing and Insuring lease for a term of years to be agreed at a rent of £29,950 per annum exclusive of VAT, subject to contract.

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Ground Floor Area (Vacant Unit) 269.50 sq m ( 2,901 sq ft)