Retail premises to let in Grosvenor Way, Chapel Park, Newcastle Upon Tyne NE5

Situation
The property is situated on the upper level of the West Denton Shopping Centre. The Centre is approximately five miles to the north-west of Newcastle City Centre and provides a busy retail parade anchored by the adjoining Morrison’s Supermarket.

Accommodation
Arranged over ground floor only with kitchen/WC facilities at the rear.

Internal Width
5.46m
17’11”

Shop Depth
18.19m
59’7”

Ground Floor Sales
93m2
1,001ft2

Rear Store
2.22m2
24ft2

lease terms
A new Effective Full Repairing & Insuring lease for a term to be agreed is available at an initial rental of £17,500 per annum exclusive.

EPC
An Energy Performance Asset Rating is Band E (106). A full copy of the EPC is available upon request.

Business rates

Rateable Value
£14,000

2023/2024 ubr
£0.499

Estimated Rates Payable
£6,986

Given the Rateable Value is between £12,001-£15,000, there will be significant discount available on the Rates Payable figure.
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. Further details available upon request.

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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