Retail premises to let in Shields Road, Newcastle Upon Tyne NE6

Location

The subject property is conveniently located on Shields Road in the Byker suburb of Newcastle upon Tyne. Shields Road primarily serves as a retail area which is also in close proximity to densely populated residential areas making the property ideal for retail use.

The property is positioned 0.4 miles from Byker Metro Station and is well-connected for bus transportation, bus stops can be found just 120 yards away. Accessibility by car is facilitated by nearby road links, including the A193 at a distance of 130 yards, the A1058 (Coast Road) located 1.3 miles away, and the A187, which is 0.7 miles away.

Description

The subject property is a retail unit arranged over the ground floor. There is a main retail floor area which has a large glass frontage. Towards the rear, there is a small kitchen, W/C facility, and a room for storage.

The property may be suitable for a variety of uses, subject to obtaining necessary planning permission or change of use.

Accommodation

We calculate the approximate net internal floor areas to be as follows:

Ground Floor 52.5m² 565.1ft²

EPC rating

D77

Rating assessment

The rateable value of the premises as at 1 April 2023 is £4,650 and the estimated rates payable for the current year is £2,320.35, This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

Terms

The property is available by way of a new lease with terms to be agreed at £10,000 (Ten 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.

Anti-money laundering regulations

In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.

Viewing

For general enquiries and viewing arrangements please contact Bradley Hall.

Tel: Email: