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Commercial
Type: For rent
Tenure : Leasehold
Class: A1 Shops
Address: http://www.commercialpeople.co.uk/commercial-property/commercial-property-chillingham-road-newcastle-upon-tyne-newcastle-upon-tyne-tyne-and-wear-ne6-uk/5846
Categories:
Commercial Property
Mixed Use
Retail Property (high street)
Rent: £20,000

Location

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.

Description

The property comprises a ground floor retail which operated as a former Kitchen & Bathroom showroom which was arranged across 3 interconnecting units.

Accommodation

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)

Legal Costs

Each Party will be responsible for their own legal costs.

VAT

VAT is not applicable.

Terms

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.

Planning

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

Business Rates

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


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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
£20,000 Per annum
Marketed by
North East Commercial Property Ltd
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