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Retail Property (high street) for sale

32 Acorn Road

Under Offer £25,000

Property Description

Key features

  • Retail unit to let by way of assignment
  • Total size of 44.6m (480ft)
  • Fully fitted with kitchen
  • Prime area of Jesmond
  • Awaiting EPC Rating
  • Rental of 25,000 per annum

Full description

SITUATIONThe property is located on Acorn Road in Jesmond. This specific area of Jesmond is considered the principal commercial area being dominated by hotels, bars, shops and cafes. Acorn Road is situated just over 1 mile from Newcastle city centre with good transport links via the Central Motorway.Surrounding occupiers to the property include Tesco, Boots, Greggs, Coral Bookmakers, Starbucks and Waitrose.DESCRIPTIONThe subject property comprises of ground floor retail accommodation which was formerly used as a delicatessen and coffee shop. The property also benefits from a high end fit out with a fully fitted kitchen and on street parking.ACCOMMODATIONGround floor 44.6m² (480ft²)TERMSThe property is available to let by way of assignment. The lease is held for a term of 10 years from 20th January 2014 on an EFRI basis. The current passing rent is £25,000 per annum exclusive.RATING ASSESSMENTDescription RV Estimated Rates PayableShop and £17,000 £8,160 PremisesWe are advised that the rateable value of the premises as at 1 April 2010 is £ 17,000 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 48.0p in the pound. However, interested parties should confirm the current position with the Local Authority.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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