Retail premises to let in Canterbury Way, Newcastle Upon Tyne NE13

Location

The subject property is located on Canterbury Way, Wideopen which is a village in North Tyneside, Newcastle upon Tyne. Wideopen is approximately 5 miles from Newcastle city centre and 1.2 mile from the A1. Public transport links include a bus stop 390 ft from the property and Regent Centre metro station within 3 miles which is 5 stops from Newcastle City Centre.

Description

The subject property comprise a mid terrace, ground floor retail unit which is situated on a well established retail parade. The property benefits from a traditional shop frontage kitchen and WC facilities.

There is public on street parking opposite the premises.

Accommodation

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

Ground Floor 34.2m² 368ft²

EPC rating

C65

Rating assessment

The rateable value of the premises as of 1st April 2023 is £2,950 and the estimated rates payable for the current year is £1,472. 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 as they may be exempt.

Terms

The property is available by way of a new lease with terms to be agreed at £12,000 (Twelve 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 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.