The property comprises a ground floor retail unit in shell condition with exposed walls and floors.
The property is situated in Darras Hall which lies approximately 10 miles north west of Newcastle upon Tyne. Darras Hall has excellent transport links with Newcastle International Airport located 1.5 miles to the east and the A1 which is 4 miles to the east via the Woolsington bypass dual carriageway (A696).
Darras Hall and neighbouring Ponteland together form one of the wealthiest commuter areas of Newcastle upon Tyne. In the centre of Darras Hall there is a good range of local amenities. It is an attractive and vibrant location.
The property is situated in a very prominent position immediately next door to Co-op Convenience Store
The property briefly comprises:
Internal Shop Frontage 5.775 m / 19 ft
Internal Shop Depth 24.32 m / 80 ft
WC 3.32 sq ft
Total 136.75 sq m / 1,472 sq ft
The premises are available by way of a new full repairing and insuring sub-lease at a rent of £22,500 per annum (exclusive). All other terms are to be agreed by negotiation.
The rating assessment is currently combined with Co-op next door and an application will be made to split the assessments once a new sub-tenant is found.
The Small Business rate for the year 2019/2020 is 49.1 pence in the pound
Each party to bear their own legal costs incurred in the transaction.
An EPC has been commissioned and will be available to interested parties shortly.
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.