Retail Property (high street) to rent12 Hood Street, Newcastle Upon Tyne, NE1 6JQ
952 sq. ft. | £19,500 pa| £1,625 pcm
- 952 sq ft (88 sq m)
- Use class orders: A1 Shops
- City Centre Location
- Good transport infrastructure
- Large ancillary storage
The unit forms a mid-terraced property situated just off Grey Street and within the heart of Newcastle City Centre. Nearby retailers include Ladbrokes, Coral, Lloyds TSB and Vivienne Westwood as indicated on the attached Goad extract. There are a number of bus stops and car parking facilities in the immediate vicinity and the Monument Metro Station is also close by.
The accommodation is arranged at ground and basement levels offering the following approximate floor areas and dimensions:
Gross. Frontage 9 ft 11 ins 3.027 m
Shop Depth 41 ft 11 ins 12.788 m
Ground Floor Sales 608 sqft 56.485 sqm
Basement Storage 472 Sqft 43.877 sqm
The property is available on a new Full Repairing and Insuring Lease for a term of years to be agreed and subject to 5 yearly rent reviews, at an initial rent of £19,500pa excl.
We are verbally advised by the Local Rating Authority that the premises are assessed as follows:-
Rateable Value: £23,000
Rates Payable April 2015/16: £11,339.00
Interested parties are advised to contact the Local Rating Authority for verification of the above.
The service charge provision for 2015/16 is in the order of £500pa. Further details available upon request.
ENERGY PERFORMANCE CERTIFICATE
A full copy of the EPC is available for inspection if required.
Each party will bear their respective legal costs incurred in connection with the transaction.
All figures quoted in these terms are exclusive of VAT where chargeable
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