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305 Whitley Road,Whitley Bay,NE26 2HU

£20,000 pa (£1,667 pcm)
1,100 sq. ft.

Property Description

Commercial information

  • 1,100 sq ft (102 sq m)
  • Use class orders: A1 Shops

Key features

  • Only 10 Miles east of Newcastle
  • Popular seaside tiwb
  • Population of 36,500 people
  • Close proximity to Park View shopping centre
  • Recently refurbished

Full description

LOCATION
Whitley Bay is a popular seaside commuter town situated approximately 10 miles east of Newcastle City Centre. The District population is 36,500 (Focus).

This imposing property is situated on the corner of Whitley Road and Marsden Road and forms the gateway to Whitley Bay Town Centre.

The Park View Shopping Centre which is anchored by retailers including Sainsburys, Costa Coffee, Boots, Peacocks, Iceland etc is situated opposite together with the principal town car park above.

DESCRIPTION
The property has recently been subdivided to create two retail units both of a similar size. Internally, the accommodation will be delivered providing separate toilet and kitchen facilities along with newly refurbished sales space.

ACCOMMODATION
Arranged on ground floor each property will provide the following approximate areas:-

Ground Floor Sales 1,100 Sqft

LEASE TERMS
Each property is available by way of a new Full Repairing and Insuring Lease for a term to be agreed at a rent of 20,000pa.

RATING
Following the subdivision the property will require reassessment from the valuation office agency. We can advise that the current rateable value for the property is as follows:
According to the Valuation Office Website - https://www.gov.uk/correct-your-business-rates, the 2017 Draft Rating Assessment is as follows:-

Rateable Value 38,250

According to the same website the estimated rates payable is as follows:-

Rates Payable for year commencing 1 April 2017 17,824

Interested parties should make their own enquiries as subject to individual circumstances the actual amount payable may vary.

SERVICES
Each property is equipped with mains supplies of gas, electricity and water and is connected to the main drainage system.

USE
We believe the property could be used for a variety of uses subject to the necessary planning and licensing approvals (if applicable). We believe this property may appeal to the retail, restaurant or licensed trades - the property has A1 Retail consent at present and was formerly used for a retail food store and off licence by the Co-operative Group.

EPC
An Energy Performance Certificate has been commissioned and will be available to interested parties.


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