Property
503 Durham Road, Low Fell, Gateshead, NE9 5EY
The subject property occupies a prominent corner plot providing ground floor retailing space previously used as a dry cleaners. The property is of traditional brick construction with a traditional glazed shop front. Internally, the accommodation provides a front retail section with storage behind, however, could easily be opened into one larger space. 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 location benefitting from occupiers including Boots, Greggs and The Co-op as well as many local retailers.
ACCOMMODATION
The property provides a total net internal area of 75.48 sq m (812 sq ft).
TERMS
The property is available to rent at £19,500 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 2017 Valuation List is as follows: –
2023 Rateable Value: £14,500
The Small Business rate for the year 2023/2024 is 49.9 pence in the pound. All interested parties are urged to make their own enquiries in this regard.
LEGAL COSTS
Each party to bear their own legal costs incurred in the transaction.
EPC
The property has an EPC rating of C74
VAT
All figures quoted are exclusive of VAT.
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.
