+ £4,740 per annum (£92pw)
+ Total area 710sqft (66sqm)
+ Prominent position with high footfall
+ Fitted with retail shelves and display units.
+ Retailers nearby include Tesco, Subway, Lloyds Pharmacy, Ladbrokes & Post Office.
+ Busy bus stop outside property
+ Free parking close by
This property is positioned on the busy Coatsworth Road in Bensham, Gateshead. Coatsworth Road predominantly com-prises of ground floor commercial units underneath upper floor residential accommodation. Vacancy rates are low, with this being a highly popular location due to its close proximity to Trini-ty 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 and popular retailers.
This retail unit has previously been used as a busy small Euro-pean supermarket, and prior to that as a tattoo studio, it is fitted with retail shelves and display units and could be used for most businesses either as a retail unit or as offices. The property comprises of a large retail area, storage areas to the rear and in the basement, there are also staff toilets. The unit is secure and benefits from external roller shutters, it is clean and tidy and is available for immediate occupation.
The accommodation comprises the following approximate Net Internal Areas:
Ground Retail Zone A: 26.8 sqm (288sqft)
Ground Retail Zone B: 15.8 sqm (170sqft)
Ground Staff Toilets: 2 sqm (22sqft)
Ground Internal Storage: 5.2 sqm (56sqft)
Basement Internal Storage: 9.2 sqm (100sqft)
Basement Internal Storage: 6.9 sqm (74sqft)
Total Area: 66 sqm (710sqft)
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 £4,740.00 per annum exclusive.
The current rating assessment is as follows: Shop & Premises £3,900.
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