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

Location

The subject property is located on Chillingham Road in Heaton. Heaton is a largely populated student residential area, making it great for retail businesses. The property is 0.5 miles away from the A1058 giving access to Newcastle City Centre and the surrounding area.

Chillingham Road bus stop is located 200ft away and provides local transport to the likes of Byker, Newcastle, and Killingworth. Chillingham Road Metro is on the A193 approximately 0.6 miles from the subject property.

Description

242-244 Chillingham Road and 30a Trewhitt Road is arranged over a ground and first floor. The ground floor is a prominent retail unit situated where Chillingham Road meets Trewhitt Road. The retail unit has a large shop frontage with a substantial retail area, towards the rear is a storeroom and W/C facilities.

30a Trewitt Road is positioned above the retail unit and is currently being used as beauty clinic rooms. The property may be suitable for a verity of uses subject to planning. 30a Trewitt Road has 3 good sized rooms, alongside a kitchen and W/C facilities.

Accommodation

We calculate the approximate net internal floor areas to be as follows:
Ground Floor 52m² 560ft²
First Floor 49m² 527ft²
Total 101m² 1,087ft²

EPC rating

51C

Rating assessment

The rateable value of the premises as at 1 April 2023 is £12,000 and the estimated rates payable for the current year is £5,988 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 £18,500 (Eighteen Thousand Five Hundred) 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.