DESCRIPTION
The property comprises a single storey end-terraced former bookmakers premises. Internally the property provides cleared ground, open plan, retail space. To the rear of the ground floor there is a disabled WC as well staff welfare and breakout facilities.
ACCOMMODATION
The property includes the following gross internal areas:
Ground Floor 136.10 sq m / 1,465 sq ft
TERMS
Offers are sought in the region of £25,000 per annum (exclusive of VAT, service charge and insurance) for a new effectively full repairing and insuring lease of the property. All other terms are to be agreed by negotiation.
RATING ASSESSMENT
The rating assessment currently appearing on the Valuation List is as follows:
Retail - £30,000
The Small Business Rate for the year 2024/2025 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(52).
VAT
All figures are exclusive of VAT where chargeable..
VIEWING
By appointment through GFW.
Contact Branch
Newcastle
Dean Street Arch
22 Dean Street
Newcastle upon Tyne
NE1 1PG
