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Retail Property (high street)
The property is located on Chillingham Road in Heaton at its junction with Meldon Terrace and within a small retail parade which forms part of an extremely busy secondary shopping street. There is free pull in roadside parking close to the front of the shop and extremely high levels of passing trade. Captive trade is generated by the high number of local residents. The unit benefits from electric roller shutter security and occupiers on the street include Tesco Express, Greggs The Bakers, Lloyds Bank and Boots the Chemist.
The property comprises a ground floor retail which operated as a former Kitchen & Bathroom showroom which was arranged across 3 interconnecting units.
The property has been measured in accordance with the RICS Code of Measuring Practice and has the following Gross Internal Areas (GIA):
Ground Floor 831 sq.ft (77.2 sq.m)
Each Party will be responsible for their own legal costs.
VAT is not applicable.
The premises will be let by way of a new full repairing and insuring lease for a minimum of 5 years. Asking rent is £20,000 per annum.
We understand the premises have planning permission for use as A1 (Retail) under the Town & Country Planning (Use Classes) order 1987 (as amended). For confirmation please contact the local council’s planning department
We are advised that the property is currently entered into the Valuation List as follows;
Description: Shops and Premises
Rateable Value (2010 List): £14,250
Further Information and Viewings
Viewings are strictly by appointment through this office
Commercial Property for rent - http://www.commercialpeople.co.uk/commercial-property/commercial-property-chillingham-road-newcastle-upon-tyne-newcastle-upon-tyne-tyne-and-wear-ne6-uk/5846
Listed on: 20 August 2015
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