Retail Property (high street) to rent

High Street East, Wallsend, NE28

1,382 sq. ft. | £15,000 pa| £1,250 pcm

Property Description

Commercial information

  • 1,382 sq ft (128 sq m)
  • Use class orders: A1 Shops

Letting information:

Letting type: Commercial

Key features

  • Located 3 miles East of Newcastle City Centre
  • Wallsend has a resident population of 10,361
  • The property occupies a prominent corner position on High Street East
  • High Street East is the main arterial road through the town.
  • There is a free car park next to the property with approximately 43 spaces
  • Nearby retailers include a range of independent retailers, restaurants and takeaways.

Full description

LOCATION
Wallsend is a town located 3 miles east of Newcastle City Centre, and forms part of the wider Newcastle conurbation. The town has a resident population of 10,361 (ONS, 2011).

The property occupies a prominent corner position on High Street East, the main arterial road through the town. There is a free car park next to the property with approximately 43 spaces. Nearby retailers include a range of independent retailers, restaurants and take aways.

ACCOMMODATION
The property provides retail accommodation over ground floor, giving the following approximate floor areas:

Ground Floor Sales 1,309 sqft 121.61 sqm
Ground Floor Anc. 73 sqft 6.78 sqm

LEASE TERMS
The premises are available by way of a new Full Repairing and Insuring lease, for a term of years to be agreed, at an initial rent of 15,000pa.

FREEHOLD INTEREST
Alternatively the freehold of the property is available with vacant possession. Offers in excess of 150,000 sought for the benefit of the freehold.

RATES
We are verbally advised that the premises are
assessed for rating purposes as follows:

Rateable Value 7,600
Rates Payable 2014/15 3,746.80
Interested parties should verify the accuracy of
this information with North Tyneside Council direct on 0191 643 2365.

EPC
The Energy Performance Asset Rating is Band C (59). A full copy of the EPC is available for inspection if required.

LEGAL COSTS
Each party will be responsible for payment of its own legal costs incurred in connection with this transaction.

>VAT
All figures quoted will be exclusive of any VAT that may be payable.


More information from this agent

Nearest stations

  • Wallsend (0.2 mi)
  • Hadrian Road (0.7 mi)
  • Walkergate (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

@retail, Newcastle Upon Tyne

Cobalt Business Exchange, Cobalt Way, Newcastle Upon Tyne, NE28 9NX

0191 687 0662 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Wallsend (0.2 mi)
  • Hadrian Road (0.7 mi)
  • Walkergate (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

@retail, Newcastle Upon Tyne

Cobalt Business Exchange, Cobalt Way, Newcastle Upon Tyne, NE28 9NX

0191 687 0662 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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Property reference 145highstreeteast. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by @retail, Newcastle Upon Tyne.

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