Retail premises to let in Park Road, Wallsend NE28

Location

The property is located in Wallsend, a popular suburb in the North East, it is situated where High Street East meets Park Road. Wallsend is a great destination for retailers due to the high footfall and agglomeration of retail units in the area.

The property benefits from a vast amount of public transport including Wallsend Metro which is 0.5 miles away, and 0.2 miles to High Street East bus stop. The property is in close proximity to major transport links including the Coast Road 1.3 miles away and A19 2 miles away.

Many of the national and local businesses on Wallsend High Street promote footfall to the area. Businesses in the area include, Costa Coffee, T1 Barber, Lloyds Bank, and Sopranos.

Description

The property is arranged over a ground floor, it comprises of a main retail area with a large glass frontage, there is a kitchen and w/c facility towards the rear. The property has previously been used as a café and would be a great fit for a variety of retail businesses.

The property may be suitable for a variety of uses, subject to planning.

Accommodation

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

Total 73m² 786ft²

EPC rating

E 117

Rating assessment

The rateable value of the premises as at 1 April 2023 is £9,100 and the estimated rates payable for the current year is £4,540.90 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 a rent of £11,500 (Words 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.