Key features
- 0.2 miles from Monument Metro Station
- 0.3 miles from A167(M) and Tyne Bridge
- 0.3 miles from Central Train and Metro Station
- 300ft from local bus routes
- Awaiting EPC Rating
- High footfall location
- Popular city centre location
- Prominent glass frontage
- Total size of 124.9m² (1,344ft²)
- Well positioned, prominent retail unit
Description
LOCATION
The subject property is located on Nun Street in Newcastle city centre and benefits from being situated next to one of the entrances of Grainger Market. Nun Street is a popular retail destination in the city centre with local and national occupiers including Wilko, Betfred, Burger King, Shawarmerz and Butlers. Grainger Market, which is directly next to the property, is home to a number of local retailers, restaurants and cafes and is a popular location in the city centre.
The property also benefits from being within 200ft of Eldon Square, 500ft from The Gate and 0.2 miles from Monument.
There are local bus routes within 300ft of the property, Monument Metro Station is 0.2 miles away and Central Train and Metro Stations are within 0.3 miles.
DESCRIPTION
The subject property comprises a retail unit with prominent return glass frontage onto Nun Street and into Grainger Market. The property provides open plan retail space to the ground floor with storage facilities, staff room and WC to the basement.
The property may be suitable for a variety of uses, subject to obtaining planning permission.
ACCOMMODATION
We calculate the approximate net internal floor areas to be as follows:
Ground floor |
72.2m² |
777ft² |
Basement | 52.7m² | 567ft² |
Total |
124.9m² |
1,344ft² |
RATING ASSESSMENT
The rateable value of the premises as at 1 April 2023 is £23,000 and the estimated rates payable for the current year is £11,477. 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.
EPC RATING
Awaiting EPC Rating.
TERMS
The property is available by way of a new lease with terms to be agreed at £25,000 (Twenty Five 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 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.
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