The property comprises a versatile ground-floor retail unit, currently operating as a mobile phone sales and service. Internally, the accommodation is arranged to provide a spacious open-plan retail area to the front, which is well-presented and benefits from good natural light and a prominent street frontage, ideal for attracting passing trade.
To the rear of the ground floor, there are two separate office rooms that can be utilised for private consultations, administrative work, or additional treatment rooms, depending on the occupier’s requirements. A well-appointed kitchen and staff welfare facilities are also provided for the convenience of staff and clients alike.
The unit also houses an office room to the first floor.
ACCOMMODATION
The property includes the following gross internal areas:
Ground Floor Retail Zone A 37.5 sq m 1,207.7 sq ft
Ground Floor Retail Zone A 15.8 sq m/170.06 sq ft
Ground Floor Retail Zone B 13.8 sq m/148.54 sq ft
Ground Floor Office 13.8 sq m / 148.54 sq ft
Ground Floor Office 7.4 sq m / 79.65 sq ft
Ground Floor Kitchen 2.7 sq m / 29.06 sq ft
Ground Floor staff toilets 1.5 sq m / 16.14 sq ft
Basement 19.7 sq m / 212.04 sq ft
Total 112.2 sq m / 2,207.67 sq ft
Room 1 - 9.89 sq m / 106 sq ft
Room 2 - 18.6 sq m / 200 sq ft
Room 3 - 17 sq m / 183 sq ft
TERMS
We are instructed to seek offers in the region of £220,000 (Two Hundred and Twenty Thousand Pounds) for our client’s freehold interest.
LEASE
The property is let by way of 4 agreements to a sum of £21,420 per annum. Details available upon request.
RATING ASSESSMENT
The rating assessment currently appearing on the Valuation List is as follows:
Ground Floor - £12,500
Office 1 - ££870
Office 2 - E1650
Office 3 - £1500
The Small Business Multiplier for the period from 1 April 2025 to 31 March 2026 is 49.9 pence in the pound. With effect from 1 April 2026, the Small Business Multiplier will be 43.2 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(64).
VAT
All figures are exclusive of VAT where chargeable.
WHAT3WORDS
Every three metre square of the world has been given a unique combination of three words. A free App is available for iOS and Android smartphones and using the unique sequence of words below you will be able to pinpoint this property
///routines.impeached.escapes
VIEWINGS
Viewings are strictly by prior appointment with GFW.
IMPORTANT NOTICE
Every care has been taken with the preparation of these particulars, but they are for general guidance only and complete accuracy cannot be guaranteed. If there is any point, which is of particular importance professional verification should be sought. All dimensions/boundaries are approximate. The mention of fixtures, fittings &/or appliances does not imply they are in full efficient working order. Photographs are provided for general information and you may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website. These particulars do not constitute a contract or part of
Contact Branch
Newcastle
Dean Street Arch
22 Dean Street
Newcastle upon Tyne
NE1 1PG