Property
136/138 NORTHUMBERLAND STREET NEWCASTLE UPON TYNE, NE1 7DQ
The property comprises a prominent corner building property with return frontage on to Ridley Place. The property benefits from accommodation across three floors as well as a basement. The property could be suitable for a variety of uses subject to the correct permissions.
LOCATION
The city of Newcastle upon Tyne is the regional and commercial capital of the North East. The population of the city is approximately 259,000, whilst the wider primary catchment area is 1,502,000 rating the city 3rd in the UK outside London. Newcastle is approximately 451km (280 miles) north of London, 160 km (100 miles) north of Leeds and 169km (105 miles) south of Edinburgh.
SITUATION
The property is situated on the prime pedestrianised Northumberland Street close to retailers such as Boots, Starbucks, Pret a Manger and Jollibee. The property is close to the Haymarket Metro and Bus Stations. Whilst both of the city’s university campus’ are in walking distance.
ACCOMMODATION
The property includes the following approximate net internal areas:
| Name | M² | Ft² |
| Ground Floor | 115.5 | 1,200 |
| First Floor | 106 | 1,140 |
| Second Floor | 66.4 | 715 |
| Total | 287.9 | 3,055 |
In a addition, we understand the property benefits from a basement but we have not been able to inspect at this time.
TERMS
The premises are available by way of a new full repairing and insuring lease. Rental offers are invited.
RATING ASSESSMENT
The rating assessment currently appearing on the Valuation List is as follows:
2023 – £95,000
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
A new Energy Performance Certificate has been commissioned and will be available shortly.
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.
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