DESCRIPTION
The property comprises the ground floor retail unit of a three storey, mid terraced property of traditional brick construction with a pitched tiled roof. . Internally the property provides a cleared retailing space with a rear staff kitchen and two WCs. Externally to the rear there is a small yard leading to the back lane.
ACCOMMODATION
The property includes the following net internal area:
Ground Floor Retail 58.3 sq m / 628 sq ft
TERMS
The premises are available by way of a new effectively full repairing and insuring lease at a rent of £17,000 per annum (exclusive). All other terms are to be agreed by negotiation.
RATING ASSESSMENT
The rating assessment currently appearing on the Valuation List is as follows:
2023 - £2,250
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(68).
VAT
All figures are exclusive of VAT where chargeable..
Contact Branch
Newcastle
Dean Street Arch
22 Dean Street
Newcastle upon Tyne
NE1 1PG
