Retail Property (high street) for sale255-259 Westgate Road
- Prominent retail showroom for sale
- Ground floor 175.08 sq m (1,884.52 sq ft)
- First floor 161 sq m (1,733 sq ft)
- Rare city centre freehold
- Awaiting EPC Rating
SITUATIONThe property is located on Westgate Road in a busy main arterial route leading west from the City Centre to the A1, forming part of the West Road District Shopping Centre in a densely populated residential area of Newcastle upon Tyne.In the surrounding area there are an abundance of motorcycle showrooms, MOT Centres and Biking Equipment occupiers.DESCRIPTIONThe property is a ground floor benefits from a large ground floor showroom and retail sales area with prominent glass frontage onto Westgate Road. The entrance has glazed frontage with double doors and on street loading area and motorcycle parking to the front (certain times only).ACCOMMODATIONThe accommodation comprises as below:Ground floor retail 175.08m² (1,884.5ft²)First floor retail 161.01m² (1,733.0ft²) Total 336.09m² (3,617.5ft²)TERMSThe freehold is available at an asking price of £350,000.RATING ASSESSMENTDescription RV Estimated Rates PayableShowroom and £24,750 £11,657.25PremisesWe are advised that the rateable value of the premises as at 1 April 2010 is £24,750 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 47.1p in the pound. However, interested parties should confirm the current position with the Local Authority.As a new occupier rights of appeal may exist against this assessment.LEGAL COSTSEach party is to bear their own legal costs involved in the transaction.VATAll 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.VIEWINGFor general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.
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