Key features
- Basement leisure opportunity
- Totalling 165m² (1,766ft²)
- Prime city centre location
- High footfall location
- EPC Rating C75
- 0.1 mile from Eldon Square
- 110 yards from Northumberland Street
- 0.2 miles from Northumbria University
- 0.2 miles from Newcastle University
- 0.1 miles from Haymarket Bus and Metro Interchange
Description
LOCATION
The subject property is prominently located on Northumberland Road, in the heart of Newcastle upon Tyne city centre. Apollo House provides easy access to the Central Railway Station, Monument Metro Station and Eldon Square shopping centre; all of which are within walking distance.
The property is situated in a high footfall location, on a popular thoroughfare between the Northumbria University campus and Northumberland Street, which is the main high street in the city centre. Neighbouring occupiers include the City Tavern pub, Wok Inn restaurant, the O2 City Hall and opposite the subject property is the NCP car park. Northumberland Street is accessed within a short walking distance where there are multiple national retailers.
The property benefits from being within easy reach of local amenities including Eldon Square Shopping Centre, which is 0.1 mile away, Northumbria and Newcastle Universities which are both within 0.2 miles away, as well as Newcastle City Hall and Newcastle Civic Centre.
DESCRIPTION
The subject property comprises a self-contained leisure unit with WC’s, within the basement. The property will be provided in a shell condition.
The property has a floor area of approximately 165m² (1,766ft²).
PLANNING INFORMATION
The property has been granted change of use to Bar/Restaurant within Use Class Sui Generis. A new licence application will need to be made but we understand the current licence from Pacific Bar may be transferable.
RATING ASSESSMENT
We understand that the Rateable Value is to be reassessed and interested parties should confirm the current position with the Local Authority.
TERMS
The property is available to let by way of a new lease with terms to be agreed at £50,000 (Fifty Thousand Pounds) per annum.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall on this basis, and where silent, offers will be deemed net of VAT.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
VIEWING & FURTHER INFORMATION
For all enquiries and viewing arrangements please contact Bradley Hall.
Tel: 0191 232 8080
Email: [email protected]
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