Property

Leisure Retail

35 (rear) Blandford Square, Newcastle upon Tyne, Tyne & Wear, NE1 4HW

The ground floor unit provides an open plan retail shell with a lower rear section and WC. Access to the unit is from Blandford Square, however, the shop faces on to St James Boulevard. The property could be suitable for a variety of uses subject to receiving the relevant planning permission.

LOCATION

The property is located in a prominent position overlooking St James Boulevard (A186) just south of the Westgate Road junction. Opposite the property on the other side of the boulevard Dance City, Holiday Inn Express Hotel and a public multi storey car park are situated. Other occupiers in the surrounding area include the Discovery Museum, Pure Gym, Lane 7 bowling, Newcastle Sixth Form College and Centre for Life. Newcastle train station is situated less than a 10 minute walk from the subject property and there are various bus stations in close proximity.

ACCOMODATION

Ground floor retail area:–            79.35 sq m (854 sq ft)

TERMS

The premises are available by way of a new full repairing and insuring lease at a rent of £15,000 per annum, exclusive of service charge and insurance which are payable in addition to rent. All other terms are to be agreed by negotiation.

RATING ASSESSMENT 

Since the property has undergone extensive refurbishment, the existing valuation is incorrect and as such will need to be re-assessed following the works completion.

The Small Business rate for the year 2021/2022 is 49.9 pence in the pound.

LEGAL COSTS

Each party to bear their own legal costs incurred in the transaction.

EPC

An energy performance certificate will be available asap.

VAT

All figures quoted are exclusive of VAT where chargeable.

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.

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