+ £13,000 per annum (£250pw) + VAT
+ Total area 1212sqft (112.6sqm)
+ Prominent position with high footfall
+ Retailers nearby include BetFred, Subway, Marie Curie, The Co-Op, Age UK Pattinsons, Greggs and others.
+ Free parking outside the property
+ Bus stop nearby
The property is prominently situated on Durham Road which is an affluent area, popular and well established for retail as well as leisure use. It lies on the A167 the main urban thoroughfare from the Tyne Bridge to the A1. Durham Road is a popular location with a high footfall and is especially attractive for estate agencies as well as pubs and restaurants. Nearby occupiers include BetFred, Subway, Marie Curie, The Co-Op, Age UK, Pattinsons, Greggs and other nationwide and local businesses and estate agents.
This retail unit has previously been used by Boots and could be used for most businesses. The property spans over two floors with the ground floor comprising of a large retail area, a store room and toilets to the rear. The first floor comprises of large storage rooms. The unit is secure and benefits from a modern suspended ceiling, external roller shutters and air conditioning, it is clean and tidy and is available for immediate occupation.
The accommodation comprises the following approximate Net Internal Areas:
Gross Frontage 5.03 m 16' 06"
Internal Width 4.37 m 14' 04"
Ground Floor Sales 64.29 m² 692 sq.ft.
First Floor Anc 48.31 m² 520 sq.ft
Total Area 112.6 m² 1212 sq.ft
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 £13,000.00 + VAT per annum exclusive.
The current rating assessment is as follows: Shop & Premises £11,000.
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
Call: 0191 477 5777
Text/WhatsApp: 07920 522 713