Retail premises to let in Nile Street, North Shields NE29

A ground retail premises located within a busy town centre shopping location at North Shields, Tyne and Wear.

The property has the benefit of traditional shop window frontage, main sales area to ground floor, storage and WC.

The premises are available by way of new negotiation subject to Full Repairing and Insuring Terms.

Material Information

Rent: £7,8000 pa
service charge: None.
Term: The unit is available by way of a new commercial tenancy with terms to be agreed. Proposals will be considered on an individual basis.
Deposit: Required, amount to be negotiated.
Property type: Shop/Retail
utilities: Electricity and water.
Parking: On street.

Location

The subject property is located on Nile Street, North Shields, Tyne and Wear. The location is a busy secondary retail part of the Town Centre that serves a sizeable local population and surrounding communities on the North bank of the River Tyne around 8 miles east of Newcastle City Centre.

Description

The accommodation comprises a retail shop fronting onto Nile Street.
Inset entrance glazed door with a decorative glass shop front.
Wooden herringbone floor, painted black.
Access from main shop into storage area which could be converted into small kitchen, electricity supply and access to plumbing. Storage area leads into WC fitted with white wash hand basin, electric hot water supply and WC.
The property does not have access to external space.
Parking on street, pay and display.

Accommodation

Retail area 44 sqm (474 sq ft)
Storage 3 sqm (33 sq ft)
WC 1.7 sqm (20 sq ft)

The Net Internal Area (NIA) is 49 sqm (527 sq ft)

Services

We understand the property is connected to mains electric and water supply . All interested parties should satisfy themselves with the local service providers

Planning

The existing use of the property is class E (Commercial, Business and Service) and interested parties should establish whether any alternative use would be to the satisfaction of the landlord and North Tyneside Council.

Rating Liability

According to the Valuation Office Agency (voa) website and the premises currently has a Rateable Value of £8,200. A reassessment will be required based on the floor area of this unit.

Energy Performance Certificate

The EPC rating for the property is E (125). A full copy of the report is available upon request.

Rent

The rent is £7,800 per annum, payable monthly in advance. A damage deposit is also required by the landlord.

Tenure

The property is available by way of a new full repairing and insuring lease arrangement. The proposed tenant should ensure that they seek legal advice to confirm the nature and extent of their obligations when entering in to this form of legal obligation prior to signing a tenancy agreement.

Vat

All prices quoted are exclusive of VAT at the prevailing rate.

Money Laundering

In accordance with the Anti-Money Laundering Regulations the applicants will be required to provide two forms of identification and proof of the source of income.

Legal Costs

Each party will be responsible for their costs in the transaction.