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Property Type Commercial
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Please download the full property specification below:


High Street, Gateshead, NE8 1EP

Retail Unit, Café or Restaurant | FORMER SANDWICH BAR | Low Rent | High Street, Gateshead | C1229

£82.00
pw

(Monthly: £355.33)

Features

+ £4,264 per annum (£82pw)
+ Total area 346sqft (32.1sqm)
+ Ready to move into (The previous tenant is prepared to sell their business and equipment at a low price)
+ Unit Located Just Off the A184.
+ Close to public transport links and Gateshead Interchange.
+ Close to Trinity Square.
+ Retailers nearby include Home Bargains, TSB Bank, Shipcote Furniture and more.
+ Free public car parking seconds away.

Location

This retail unit is ideally located on High Street, in Gateshead Town Centre. It is just off the A184 and is close to Trinity Square the Gateshead Interchange and many popular national retailers including Home Bargains, TSB Bank, Shipcote Furniture and more.

Description

This centrally located property is ideal for starting or relocating your business. With its E License it can be used as a shop restaurant, café or anything else you choose. The former tenant is willing to sell the business with its fixtures and fittings for a modest few thousand pounds subject to negotiations.

Alternatively should the new tenant wish the equipment will be removed to allow for any other business to take a lease. The unit consist of a customer order counter, modern fitted kitchen, toilets and rear yard which boasts of a plastic roof. The unit is secure and benefits from external roller shutters, it is available for immediate occupation.

Accommodation

The accommodation comprises the following approximate Net Internal Areas:
Ground Retail Zone A: 23.7sqm 255sqft
Ground Retail Zone B: 0.7sqm 7.5sqft
Ground Internal Storage: 0.8sqm 8.6sqft
Ground Internal Storage: 6.9sqm 74sqft
Ground Total Area: 32.1sqm 346sqft

Lease Terms

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 £4,264 per annum exclusive.

The potential lease will be for about two years as the landlord may have to complete a compulsory sale to the council under a CPO order, if the council decide to action it in this area. This is ideal opportunity for a new start up who majority of business will be deliveries.

Business Rates

The current rating assessment is as follows: Shop & Premises £3,000.00.

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.

Legal Costs

The Tenant is to reimburse the Landlord for all reasonable legal costs with regards to completing the Lease.

VAT

All figures quoted are exclusive of VAT where chargeable.

Viewing

By appointment through sole agents, Thrower Stone Group.

Subject to Contract

Call us to discuss your requirements: 0191 477 5777