Property

Under Offer
Retail

85 Bedford Street, North Shields, Tyne & Wear, NE29 6QF

The property is a traditional two storey retail unit situated in a prominent corner position. The property was previously occupied by Thomas Cook travel agent and provides ground floor retail space with ancillary storage on the first floor.

LOCATION

The property is located in North Shields approximately 8 miles each of Newcastle upon Tyne, 2 miles west of Tynemouth and 8 miles to the north of Sunderland. North Shields benefits from excellent transport links and North Shields metro station is situated 0.1 miles from Bedford Street providing ease of access to Newcastle city centre and other towns and locations throughout the north east and Newcastle.

The property is well situated in 100% prime pedestrianised section of Bedford Street which is North Shields principal shopping street. Occupiers immediately adjacent to the property include Burger King, Costa, Marie Curie, Co-op among others. The main entrance to The Beacon shopping centre is on Bedford Street immediately opposite the property and occupiers of the shopping centre situated opposite include Greggs, Superdrug, Cooplands, Three, EE, Boots among others.

TERMS

The premises are available by way of a full repairing and insuring lease for a term of years to be agreed at an asking rent of £25,000 per annum.

ACCOMMODATION

Front Retail                                  37.36 sq m     (402 sq ft)

Bureau De Change                       5.62 sq m      (60.53 sq ft)

Back of House                              14.7 sq m       (158.63 sq ft)

First Floor Room 1                      18.01 sq m     (193.88 sq ft)

First Floor Room 2                      20.65 sq m     (222.31 sq ft)

First Floor Staff/Kitchen               9.37 sq m    (100.90 sq ft)

RATING ASSESSMENT 

The rating assessment currently appearing on the 2017 Valuation List is as follows: –

Description:  £23,250

The Small Business rate for the year 2019/2020 is 49.1 pence in the pound

LEGAL COSTS

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

EPC

The property has an energy performance certificate rating of D-89

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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