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Retail Property (high street) to rent

Old Sunderland Road, Former HSS Tool Hire

£25,000 pa| £2,083 pcm

Property Description

Key features

  • Former Hire Centre To Let
  • Car Parking To The Front
  • Vehicle Access to Main Road
  • Building Totaling 349.87m2 (3766ft2)
  • Awaiting EPC Rating
  • Rental Price 25,000 pax

Full description

SITUATIONThe property is located on Sunderland Road, Felling, on the southern shore of the River Tyne, 1.5 miles to the east of Gateshead and 3 miles to the south east of Newcastle upon Tyne. The property sits in front of Pear Tree MOT Centre and adjacent to Saji’s Restaurant, whilst Felling Metro Station is only a 7 minute walk south. In addition the property lies only 200m from the new Miller Homes, Bishops Park Development offering a variety of property styles for 2,3, and 4 bedroom accommodation.DESCRIPTIONThe property is a single storey structure under a flat felt roof with solid concrete floors throughout and a suspended tile ceiling with strip florescent lighting. Internally there are two main retail zones with separate offices and WC facilities. To the front of the property there is fore court / car park. The property is highly suitable for continuation as its former use a hire centre or as new retail unit.ACCOMMODATIONThe current accommodation:Net Internal Area : 49.87m2 (3765.96 ft2).TERMSThe premises are available to let at a rent of £25,000 per annum, for a number of years to be agreed.RATING ASSESSMENTDescription RV Estimated Rates PayableHire Centre £19,500 £9,360We are advised that the rateable value of the premises as at 1 April 2010 is £19,500 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. As a new occupier rights of appeal may exist against this assessment. EPCAwaiting EPC RatingLEGAL 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 Kristian Sorensen at sole agents Bradley Hall Chartered Surveyors.Tel: 0191 232 8080Email: kristian.sorensen@bradleyhall.co.uk

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