Retail premises to let in Manor House Road, Newcastle Upon Tyne NE2

Location

The property is located in Jesmond approximately 1.5 miles to the north east of Newcastle city centre in a heavily student populated area. The property is situated on a small retail parade including Francesca’s Pizzeria and Manor House Barbers. The very prominent Osborne Road where there are a number of hotels, restaurants and bars is approximately 500m to the west.

Description

The property comprises ground floor retail premises with additional basement storage. The property was formerly used as a hair, beauty and tanning shop and would suit a number of retail or leisure uses within Use Class E. The property has an extensive timber framed glazed shop front with return frontage, offering excellent visibility from Manor House Road and Grosvenor Road. Internally the ground floor provides open plan commercial space, a staff kitchen/breakout area to the rear and a WC.

Accommodation

The property includes the following net internal areas:

Ground Floor 80.89 sq m / 870 sq ft
Basement Storage 23.90 sq m / 257 sq ft
Total 104.79 sq m / 1,127 sq ft

Terms

The premises are available by way of a new effectively full repairing and insuring lease at an asking rent of £18,500 per annum. All other lease terms are to be agreed by negotiation.

Rating assessment

The rating assessment currently appearing on the Valuation List is as follows:

2023 - £11,750

The Small Business Rate for the year 20232024 is 49.9 pence in the pound.

Anti-money laundering

In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.

Legal costs

Each party to bear their own legal costs incurred in the transaction.

Energy performance

The property has an Energy Performance Certificate rating of C(70).

VAT

All figures are exclusive of VAT where chargeable.