116, High Street, Gosforth, Newcastle Upon Tyne, NE3 1HB.

DESCRIPTION

The property occupies first and second floor office space in a prominent position on Gosforth High Street. Accessed from a self-contained front door, internally the property is made up of a series of office suites which benefit from carpeted floors and LED lights. There are of male and female toilets in the premises whilst heating is by way of a gas-fired central heating system. There is a car parking space to the rear available by way of a separate licence.

ACCOMMODATION

First Floor: 70.58 sq m (760 sq ft)

Second Floor: 45.66 sq m (491 sq ft)

Total: 116.24 sq m (1,251 sq ft)

TERMS

The premises are available by way of a new effectively full repairing and insuring lease at a rent of £12,000 per annum (exclusive). All other terms are to be agreed by negotiation.

RATING ASSESSMENT

The rating assessment currently appearing on the 2023 Valuation List is as follows: -

Shop & Premises: £13,750

However, the property has since been re-configured and is awaiting re-assessment. We anticipate the RV will subsequently fall below £12,000 and as such full business rates relief could be available to qualifying parties.

LEGAL COSTS

Each party to bear their own legal costs incurred in the transaction.

EPC

The property has an EPC rating of D80.

VAT

All figures quoted are exclusive of VAT where chargeable.

ANTI-MONEY LAUNDERING REGULATIONS

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 LLP.