Key features
- 0.2 miles from Tynemouth Metro Station
- 10 miles from Newcastle upon Tyne
- 2 miles from Coast Road
- 2.5 miles from Whitley Bay
- Arranged over a basement and ground floor
- Car parking Situated on Front Street
- EPC Rating D94
- Large glass frontage
- Prime retail pitch
- Prominent position in coastal town
Description
LOCATION
8 Percy Park Road is located in Tynemouth, North Shields. Tynemouth is a coastal town in the north east, situated at the mouth of the River Tyne. The town sees a high amount of footfall making it a great location for all retail businesses.
Tynemouth can be accessed via the Coast Road which goes south west to Newcastle upon Tyne. Local transport includes Tynemouth metro station 0.2 miles away, and bus routes located outside of the property.
DESCRIPTION
The property is arranged over a basement and ground floor. The basement comprises of a large open space which could be utilized for office space or storage, there is also W/C. The ground floor has a large retail area looking onto Percy Park Road, and a small storage area to the rear.
ACCOMMODATION
We calculate the approximate net internal floor areas to be as follows:
Basement 22m² 237ft²
Ground Floor 27m² 291ft²
Total 49m² 527ft²
EPC RATING
D94
RATING ASSESSMENT
The rateable value of the premises as at 1 April 2023 is £7,100 and the estimated rates payable for the current year is £3,542.90. 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. You will not pay business rates on a property with a rateable value of £12,000 or less, if that’s the only property your business uses.
TERMS
The property is available by way of a new lease with terms to be agreed at £21,000 (Twenty One 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.
Similar properties in the area
Retail to let
The Land of Green Ginger, 76 Front Street, Tynemouth
Please contact us for full details.
Retail to let
The Land of Green Ginger, 76 Front Street, Tynemouth
Please contact us for full details.
Leisure Facility to let
50 Bedford Street, 50 Bedford Street, North Shields, NE29 0AT
3454 sq. ft (320.89 m²)
Please contact us for full details.
Request a valuation of your property from local experts
Enquire now