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Retail Property (high street) to rent

Wellbar Central Gallowgate, Newcastle Upon Tyne, NE1 4TD

1,851 sq. ft. | £42,500 pa| £3,542 pcm

Property Description

Commercial information

  • 1,851 sq ft (171 sq m)
  • Use class orders: A1 Shops, A2 Financial and Professional Services and A3 Restaurants and Cafes

Key features

  • Situated on Gallowgate within Newcastle City centre
  • The property is opposite St James metro station giving good transport links
  • Neighboring the Newcastle Science City, a soon to be prime area for business within the city
  • Extensive proposed development including new residential and hotel users
  • The upper floors of the office are let to Sky, Irwin Mitchell, DAC Beeachcroft LLP

Full description

LOCATION
Wellbar Central is situated on Gallowgate, equidistant between the Eldon Square Shopping Centre and St Jamesí Park, Newcastle United Football Clubís stadium. The property is opposite the St James Metro Station giving easy access to the wider area. The property is close to Newcastle Science City, a 24 acre site, formerly the Newcastle Brown Ale production site, which is master-planned as a joint venture between the Council and Newcastle University to become a science and technology led business district, which will consolidate the area as the prime place for business occupiers in the city. The development of Wellbar Central, together with the adjacent office development Time Central, has secured the area as the most central office location within the city. Further development is planned on the sites to the north and
west of the property to include new residential and hotel uses. The available accommodation sits at the foot of this 9 floor office development completed in 2010. The upper floors are let to prestigious tenants including Sky, Irwin Mitchell and DAC Beeachcroft LLP. The ground floor space is let to Greggs Plc. The accommodation is ideally situated to take advantage of the areas growing popularity. Other retails and leisure operators in the area include Sainsburys, Tesco, Sandman Hotel & Shark Bar, Central Bean Coffee House, Subway and the recently refurbished Bealim House Bar Eatery and Gin Distillery. All told Wellbar Central is centrally placed to benefit from the growing popularity of this area to work, rest and play !

ACCOMMODATION

The remaining ground floor accommodation provides the following approximate areas:

Ground Floor GIA 171.92 sq m (1851 sq ft)

TENURE

The premises are available by way of a new lease on effectively full repairing and insuring terms incorporating a service charge provision for any common items.

RENT

£42,500pa exclusive of rates, service charge and all other outgoings as well as VAT which is chargeable. Consideration will be given to proposals incorporating rent free and/or stepped rents to allow for fitting out the accommodation from its current shell condition (subject to status).

RATES

The accommodation is yet to assessed for rating purposes. Interested parties are advised to contact the local rating authority, Newcastle City Council telephone 0191 278 7878.

SUGGESTED USES

The accommodation may be suitable for a range of uses including retail, restaurant or financial / professional services.
The premises are not suitable for A5 hot food takeaway use.

LEGAL COSTS

Each party will be responsible for its own legal fees incurred in connection with this matter.


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