DESCRIPTION
The property is an attractive four storey building with stone front elevation under a slate pitched roof. There is a separate entrance to the 5 upper floor apartments, with additional storage, bike store and bin stores on the ground floor, which the tenants share with the ground floor.
The ground floor is currently laid to provide a large retail ‘white box’ area with storage and a strong room to the rear of the building.
TERMS
The ground floor accommodation is available to let on effective full repairing and insuring terms at a rent of £22,500 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 Rateable Value - £17,750
The Small Business rate for the year 2024/2025 is 49.9 pence in the pound.
LEGAL COSTS
Each party to bear their own legal costs incurred in the transaction.
ACCOMODATION
The property provides the below approximate areas:
GF Retail: 136 sq m (1,465 sq ft)
GF Stores: 18 sq m (192 sq ft)
GF Strong Room: 9.6 sqm (104 sq ft)
TOTAL: 163 sqm (1,761 sq ft)
EPC
The property has an EPC rating of D96
VAT
All figures quoted are exclusive of VAT where chargeable.
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.
VIEWING
By appointment only through GFW:
Contact Branch
Newcastle
Dean Street Arch
22 Dean Street
Newcastle upon Tyne
NE1 1PG
