Key features
- 0.6 miles from Jesmond Metro Station
- 0.7 miles from A167(M)
- 200ft from A1058 (Coast Road)
- Car parking adjacent
- EPC Rating C66
- Forming part of a well established retail parade
- May be suitable for a variety of uses
- Popular high footfall location
- Total size of 50m (539ft²)
- Well positioned, prominent retail unit
Description
LOCATION
The subject property is located on Jesmond Road, Newcastle upon Tyne running parallel to the A1058 which offers a direct route to the coast and Newcastle City Centre of Newcastle. The closest public transport links include Jesmond Metro Station which is 0.6 mile from the premises and a bus stop located 25 yards from the property entrance. This is a densely populated area where there is a large student population within the immediate surrounding areas of Jesmond, Sandyford and Heaton, creating a strong consumer demand. The property is also within a short walking distance of Jesmond Dene.
DESCRIPTION
The property comprises a mid-terrace, ground floor retail unit. The property benefits from a traditional shop frontage and has a modern fit out with painted walls, laminated flooring with spotlights to the retail area. There is an office and storage, with suspended ceilings, LED lights and carpet floor covering. There a kitchen and WC facilities to the rear.
There is public parking opposite the premises.
ACCOMMODATION
We calculate the approximate net internal floor areas to be as follows:
Ground Floor |
50m² |
539ft² |
EPC RATING
C66
RATING ASSESSMENT
The rateable value of the premises as at 1 April 2023 is £8,400 and the estimated rates payable for the current year is £4,191.60. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.
TERMS
The property is available by way of a new lease with terms to be agreed at £12,500 (Twelve Thousand Five Hundred 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 upon 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 we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.
VIEWING
For general enquiries and viewing arrangements please contact Bradley Hall.
Tel: 0191 232 8080
Email: [email protected]
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