Property
26-31 BACK GOLDSPINK LANE, SANDYFORD, NEWCASTLE UPON TYNE, NE2 1NU
The property provides ground floor commercial space that could be suitable for a variety of uses. Access is provided via a manual roller shutter door or separate pedestrian entrance. The property benefits from a concrete floor, LED strip lighting, 3 phase electricity and WC facilities.
LOCATION
Sandyford is a small residential suburb approximately ¾ of a mile north east from Newcastle City Centre. The area is particularly popular with young professionals and students who make up a large percentage of the local population due to Sandyford’s proximity to both of the city’s universities.
The location benefits from excellent local road networks, including the A1056 and the A167 Central Motorway, which provide links both north and south of the Tyne.
ACCOMMODATION
The property provides the following gross internal area:
| Name | M² | Ft² |
| Ground Floor | 336.40 | 3,621 |
TERMS
The premises are available by way of a new effectively full repairing and insuring lease at a rent of £14,950 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:
| Rateable Value | £ |
| 2023 | 13,750 |
The Small Business Rate for the year 2023/2024 is 49.9 pence in the pound. However, the landlord is currently in the process of appealing the RV and is it is expected to then fall beneath the £12,000 threshold which would result in full business rates relief.
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 D(99).
VAT
All figures are exclusive of VAT where chargeable.
