The property comprises ground floor retail premises with additional basement storage. The property was formerly used as a letting agent and would suit a number of retail and leisure uses within Use Class E. The property has a period timber framed glazed frontage with a recessed entrance. Internally at ground floor the property provides open plan retail space, a staff kitchen/breakout area to the rear and a WC.
The property is located in Jesmond approximately 1.5 miles to the north east of Newcastle city centre in a heavily student populated area. The property is situated on a small retail parade including Francesca’s Pizzeria and The Tanning & Beauty Co. The very prominent Osborne Road where there are a number of hotels, restaurants and bars is approximately 500m to the west.
The net internal area is as follows:
Ground Floor: 40.61 sq m (437 sq ft)
Basement: 24.60 sq m (265 sq ft)
Total: 65.21 sq m (702 sq ft)
The premises are available for rental offers in the region of £9,000 per annum. All other lease terms are to be agreed by negotiation.
The property has an energy performance rating of C58.
The rating assessment currently appearing on the 2017 Valuation List is as follows: –
The Small Business rate for the year 2020/2021 is 49.9 pence in the pound. Small business relief may be available subject to eligibility. All interested parties are urged to make their own enquiries in this regard.
Each party to bear their own legal costs incurred in the transaction.
All figures quoted are exclusive of VAT.
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.