Retail Property (high street) to rent3a Clayton Road
£10,500 pa| £875 pcm
- Ground floor retail unit to let
- Size 29.7m² (319.7ft²)
- EPC Rating F150
- Prominent frontage
- By way of assignment
- From £10,500 per annum exclusive
SITUATIONClayton Road is situated in a popular trading location and is predominantly inhabited by specialist boutique shops. It lies close to the centre of Jesmond, a suburb of Newcastle upon Tyne, which is dominated by professional offices and executive residential.Surrounding occupiers include Palmer Menswear, Hooker and Young and The Jesmond Beauty Clinic.DESCRIPTIONThe property is of brick construction and benefits from a prominent frontage with electric roller shutters. Internally the unit benefits from parquet flooring throughout, original ornate coving and spot lights. To the rear of the sales area is a separate WC.The property is currently let to Sutra Tea Company Limited and set out as a Tea Room with additional seating.ACCOMMODATIONThe property comprises a ground floor retail unit of the below sizes:-Ground Floor 29.7m² (319.7ft²)TERMSThe property is available by way of assignment on a lease with a term of five years commencing 1st September 2015. The lease has a current passing rental of £10,500 per annum with an upwards only rent review March 2018.Alternatively a new lease may be granted with terms to be negotiated.RATING ASSESSMENTDescription RV Estimated Rates PayableShop and £9,500 £4,579.00PremisesWe are advised that the rateable value of the premises as at 1 April 2010 is £9,500 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 48.2p 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.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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