This unit is situated at the junction of Durham Road on the main A167 route running through Low Fell and Gateshead. Gates-head is located 4 miles south of Newcastle upon Tyne, 17 miles north of Durham, the location has excellent road communications via the A1, A184 and A694. Nearby occupiers include local traders such as a veterinary surgery, home designs, barber, funeral directors and a range of pizza shops and restaurants.
The subject property is a mid terrace building comprising of a ground floor retail unit. The unit provides window frontage with signage above and an ATM point. Additionally there is a back storage room, staff toilets and a yard to the rear. We have been informed that previous business had an average weekly taking of £5,000 per week before rapid closure of business due to family circumstances. The unit is secure and benefits from external roller shutters. The property is clean and tidy and is available for immediate occupation.
The accommodation comprises the following approximate Net Internal Areas:
Shop Unit: 37.92sqm (408sqft)
Storage Room & Toilet: 7.26sqm (78sqft)
Total approximate NIA: 45.8sqm (486sqft)
The unit is available via a new full repairing and insuring lease
for a term of years to be agreed, subject to regular rent reviews at a commencing rent of £9,360.00 per annum exclusive.
The current rating assessment is as follows: Shop & Premises £4,800.
The business may be eligible for small business rate relief which in some circumstances can equate to 100% rate relief.
For further information please contact Gateshead Metropolitan Borough Council.
The Tenant is to reimburse the Landlord for all reasonable legal costs with regards to completing the Lease.
All figures quoted are exclusive of VAT where chargeable.
By appointment through sole agents, Thrower Stone Group.
Subject to Contract
+ £9,360 per annum (£180pw)
+ Total area 486sqft (45.8sqm)
+ Live ATM machine in shop attracting high footfall
+ Close to public transport links and Gateshead Interchange
+ Retailers nearby include Health & Fitness Centre, Barber, Funeral Directors, Home
Designs and a range of restaurants.
+ Free public car parking outside property
Call: 0191 477 5777
Text/WhatsApp: 07920 522 713