Leisure/hospitality to let in The Square, Front Street, Whickham, Newcastle Upon Tyne NE16

£50,000 pa (£962 pw)
Interested in this property? Call +44 330 038 7422 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Leisure/hospitality to let

Property features

  • Large Retail Unit suitable for a variety of uses offering circa 7000 sq ft gia.
  • Situated prominently on the primary thoroughfare in Whickham, Front Street.
  • Leasehold or Freehold available.
  • Ample public parking and loading to the rear.
  • Nearby occupiers include Tesco Express, Heron Foods, Greggs & other well-established and local brands.

Property description

Situation

The Unit is prominently positioned on Front Street, the primary thoroughfare in Whickham, a sought-after suburb of Gateshead. Conveniently situated 5 miles southwest of Newcastle Upon Tyne and just 2.4 miles south of the Metro Centre. This location benefits from being in the proximity of numerous well-established brands, including Tesco Express, Heron Foods, Greggs & more. To the rear are good loading facilities and ample parking options including pay & display at the rear.

Accomodation

The Unit is arranged over a spacious open Ground Floor providing:

Ground Floor Sales
651.52 m2
7,013 ft2

lease terms

Subject to gaining vacant possession a new Full Repairing & Insuring lease for a term to be agreed, with an initial rent of £50,000 per annum exclusive.

Alternatively, subject to gaining vacant possession the freehold sale of the building will be considered from offers over £500,000 exclusive.

EPC

The property has a Energy Performance Certificate of C(75) A copy of the EPC is available upon request.

Business rates

Rateable Value
£48,250

2024/2025 ubr
£0.499

Estimated Rates Payable
£24,076.25

Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

costs

Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.

Viewing
For enquiries, viewing, and general information, please contact:

Ian Thurlbeck

E:

M: Oliver Sunderland

E:

M:

Property info

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For more information about this property, please contact
@retail, NE28 on +44 330 038 7422 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by @retail, and do not constitute property particulars. Please contact @retail for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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