Property
93 Percy Street, Newcastle upon Tyne, NE1 7RW
Ground floor retail premises previously occupied by Subway. The premises could be suitable for a variety of subject to the necessary landlord & planning approval.
LOCATION
The property is situated on Percy Street in Newcastle City Centre. The location is a strong retail pitch within the city centre, directly opposite the Haymarket Bus Concourse.
Haymarket and St James’ Metro Stations are in close proximity along with Newcastle University nearby which has approx 21,000 students annually. Eldon Garden Multi Storey is adjacent to the property and there is additional NCP parking to the rear of the building providing excellent parking provisions.
Nearby occupiers include Hunters Estate Agents, Tesco Express, Pure Gym, The Goose Public House, M&S, Next, Mark Toney, Happinness Inn amongst numerous others.
DESCRIPTION
Ground floor retail premises previously occupied by Subway. The premises could be suitable for a variety of subject to the necessary landlord & planning approval.
ACCOMMODATION
The property includes the following net internal areas:
| Name | M² | Ft² |
| Front Retail | 40.0 | 431 |
| Rear Retail | 30.0 | 323 |
| Store 1 | 19.8 | 213 |
| Store 2 | 10.0 | 111 |
| Kitchen | 11.3 | 122 |
| Total | 111.10 | 1,200 |
TERMS
The premises are available by way of a new effectively full repairing and insuring lease at a rent of £27,000 per annum. All other terms are to be agreed by negotiation.
RATING ASSESSMENT
The rating assessment currently appearing on the Valuation List is as follows:
| Rateable Value | £ |
| Shop & Premises | 20,500 |
The Small Business Rate for the year 2023/2024 is 49.9 pence in the pound.
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 where chargeable.
