The subject property occupies a prominent position on Durham Road, providing three floors of retail / café and storage space previously occupied as a children’s play centre & coffee shop. The property is of traditional brick construction with a traditional glazed shop front. Internally, the accommodation provides a front retail section / seating area with storage and WC to the rear. There is a large open plan room previously used for children’s parties on the first floor alongside a kitchen area. There is also a small office / storage area on the second floor. There is a small rear yard for bin storage. The property could be suitable for a variety of different uses, subject to the necessary permissions.
The property is located on Durham Road (A167), the main urban thoroughfare from the Tyne Bridge to the A1. Low Fell is a popular and affluent location in Gateshead with nearby occupiers including Boots, Greggs and The Co-op as well as many local retailers. The property sits alongside Gilbert & Smith bar and there is a bus stop immediately outside.
The property includes the following net internal areas:
The property is available to rent at £25,000 per annum on full repairing and insuring terms. All other lease terms are to be agreed by negotiation.
The rating assessment currently appearing on the Valuation List is as follows:
|Cafe and Premises||£12,500|
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.
Each party to bear their own legal costs incurred in the transaction.
The property has an Energy Performance Certificate rating of “D”.
All figures are exclusive of VAT.