Property
265 JESMOND ROAD, JESMOND, NEWCASTLE UPON TYNE, NE2 1LB
The property comprises the ground floor retail unit of a three storey, mid terraced property of traditional brick construction with a pitched tiled roof. The property has a traditional single glazed shop front. Internally the property provides a cleared retailing space with a rear staff kitchen and WC. Externally to the rear there is a small yard and external storage shed. The property has been decorated to a high standard internally with new laminate floors, plastered and painted walls and ceilings as well as spot lights..
LOCATION
The property is located on Jesmond Road, Jesmond, Newcastle upon Tyne, offering excellent frontage and passing traffic. Surrounding occupiers are a mix of commercial, leisure and residential uses with a strong local independent retail offering including occupiers such as Rehills, Peace & Loaf as well as Dene’s Deli.
The property is easily accessed by road, being parallel to the A1058 Coast Road, offering direct routes to Newcastle City Centre and the coast. The nearest Metro station is Jesmond, situated approximately 0.6 miles south west of the property.
ACCOMMODATION
The property includes the following net internal areas:
| Name | M² | Ft² |
| Ground Floor Retail | 48.77 | 525 |
| ITZA | 37.53 | 404 |
TERMS
The premises are available by way of a new effectively full repairing and insuring lease at a rent of £16,500 per annum (exclusive). All other terms are to be agreed by negotiation.
Alternatively, our clients long leasehold interest in the premises is available for £185,000.
RATING ASSESSMENT
The rating assessment currently appearing on the Valuation List is as follows:
| 2023 | £14,000 |
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.
