Retail premises to let in Coast Road, Newcastle Upon Tyne NE7

Location

The property is prominently located on the access road to the Coast Road dual carriageway, approximately two miles to the East of Newcastle City Centre. The property overlooks the junction between the Coast Road, Benfield Road and Red Hall Drive.

Surrounding the property is a densely populated and popular residential suburb of Newcastle, together with a mix of retail, leisure commercial properties.

The premises are accessed at the front via the Coast Road access route and at the rear via a private accessway at the junction of Red Hall Drive and Dimbula Gardens.

Description

The premises comprise a detached, two storey building providing showroom, workshop and office space on ground floor level, together with workshop/storage space at first floor level. To the front of the property is a forecourt for product display or parking. At the rear, there is an enclosed yard area and access road to a further parking area and exit to Red Hall Drive.

The sales area has a large, fully glazed frontage with double glazing and internal motorised security shutters. The front section of the sales space has a vinyl floor covering, the remaining sales space is carpeted and has a suspended tile ceiling.

To the rear of the sales area is a private office, storage area and workshop. The workshop has a roller shutter door providing access to the enclosed rear yard.

From the sales area a staircase leads to a first floor, currently used for sail repairs.

There is a small kitchen and two toilet facilities to the ground floor.

The ground floor workshop and first floor are heated by a gas boiler serving panel radiators.

The premises would suit a wide range of retail and business uses, subject to any required consents.

Accommodation

Ground Floor

Sales Area 240.5 m2 2,589 sq.ft

Office 16.0 m2 172 sq.ft

Kitchen 2.5 m2 27 sq.ft

Store 8.7 m2 94 sq.ft

Workshop 64.4 m2 694 sq.ft

First Floor 106.4 m2 1,144 sq.ft

Total 438.5 m2 4,720 sq.ft

Tenure

Freehold with vacant possession.

Price

Offers the region of £430,000 are invited.

Lease terms

The premises are available on a new lease, for a term to be agreed, at a rent of £36,000 per annum. The lease will be on Tenant full repairing and insuring terms.

Business rates

Rateable Value: £31,500

Business Rates Payable after Retail Discount Relief £3,929.62 (2023/24).

The above figure should be verified with the Local Authority.

Energy performance rating

EPC Rating C(58)