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Please download the full property specification below:


Retail Unit, 123 Coatsworth Road, Gateshead, Tyne & Wear, NE8 1SQ

RETAIL UNIT | Former Newsagent | POPULAR LOC | Busy High Street | Coatsworth Road, Gateshead | C1105

£130.00
pw

(Monthly: £563.33)

Features 

+ £6,760 per annum (£130pw) 
+ Total area 577sqft (54sqm) 
+ Prominent position with high footfall 
+ Close to public transport links and Gateshead Interchange 
+ Retailers nearby include Tesco, Subway, Lloyds Pharmacy & The Post Office. 
+ Free public car parking seconds away 

Location 

The property occupies a great position, on Coatsworth Road in 
Bensham. Coatsworth Road predominantly comprises of ground 
floor commercial units with upper floor residential accommodation. 
Vacancy rates are low, with this being a highly popular location 
due to its close proximity to Trinity Square/Newcastle and 
good transport links across the North East. Historically, 
Coatsworth Road has been the high street of Bensham for over 
100 years, with local stores trading from this location to this day. 
Retailers on this road include Tesco Extra, Subway, Ladbrokes, 
Lloyds Pharmacy and many various local retailers. 

Description 

This retail unit has formerly been used as a busy news agency, 
it is partly fitted and would continue to do well as a News Agency 
or off license but could also be used for most businesses. 
There is a shop front area with additional facilities to the rear 
including a kitchen/store rooms and WC, there is also a rear 
yard. The unit is secure and benefits from external roller shutters, 
it is clean and tidy and is available for immediate occupation. 

Accommodation

The accommodation comprises the following approximate Net 
Internal Areas: 

Ground Retail Zone A: 31.11sqm (335sqft) 
Ground Retail Zone B: 14.42 sqm (155sqft) 
Ground Internal Storage: 8.1 sqm (87sqft) 
Total Area: 53.63 sqm (577sqft) 

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 £6,760.00 per annum exclusive. 

Business Rates 

The current rating assessment is as follows: Shop & Premises 
£4,650. 

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 

Contact Us

Call: 0191 477 5777 
Text/WhatsApp: 07920 522 713

Call us to discuss your requirements: 0191 477 5777