Property
417-419 Durham Road, Low Fell, Gateshead, NE9 5AN
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.
LOCATION
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.
ACCOMMODATION
The property includes the following net internal areas:
| Name | M² | Ft² |
| Ground floor | 95.53 | 1,028 |
| First floor | 72.68 | 782 |
| Second floor | 26.65 | 287 |
| Total | 194.86 | 2,097 |
TERMS
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.
RATING ASSESSMENT
The rating assessment currently appearing on the Valuation List is as follows:
| Rateable Value | £ |
| Cafe and Premises | £12,500 |
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”.
VAT
All figures are exclusive of VAT.
