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Unit 246, Metrocentre, Newcastle Upon Tyne, NE11 9XY

336 sq. ft. | £30,000 pa| £2,500 pcm

Property Description

Commercial information

  • 336 sq ft (31 sq m)
  • Use class orders: A1 Shops

Key features

  • The Metrocentre is the principal regional shopping centre in the North of England
  • It is the largest covered shopping and leisure complex in Europe
  • Providing in excess of 1.8M sq ft of retail and leisure accommodation
  • The shopping centre offers 9,250 free car parking spaces
  • The Centre is anchored by Marks & Spencer, Debenhams, House of Fraser and Odeon Cinema
  • The unit is situated in busy position on the lower Yellow Mall adjacent to Argos
  • Neighboring retailers include Greggs, Subway and KFC

Full description

LOCATION

The Metrocentre is the principal regional shopping centre in the North of England and the largest covered shopping and leisure complex in Europe, providing in excess of 1.8M sq ft of retail and leisure accommodation with over 9,250 free car parking spaces. The Centre is anchored by Marks & Spencer, Debenhams, House of Fraser and Odeon Cinema, with other retailers including Primark, Zara, River Island and Next.

SITUATION

The unit is situated in busy position on the lower Yellow Mall adjacent to Argos and close to JG Windows, Greggs, Subway and KFC. The Odeon Cinema and Qube restaurant quarter also trade close by.

ACCOMMODATION

The premises provide the following approximate areas and dimensions:-

Ground Floor 31.23 m 336 sq ft

TENURE

The unit is available by way of a new 5 year effectively Full Repairing and Insuring Lease for a term certain of 12 months, subject to a monthly mutual rolling option to break the lease thereafter. The lease will be contracted out of the security of tenure provisions provided by the Landlord and Tenant Act 1954.

RENT

30,000 per annum inclusive of service charge.

RATES & SERVICE CHARGE

With effect from 1 April 2010 we understand the property is assessed for rating purposes as follows:-

Rateable Value 17,000
UBR 2015/2016 49.3p

Interested parties should verify the accuracy of this information and rates payable with Gateshead Metropolitan Borough Council (Tel: 0191 433 3000).

The 2015 On Account Service Charge contribution for this unit is 2,912.02

LEGAL COSTS

Each party to be responsible for their own legal costs incurred in connection with any transaction.

CODE OF PRACTICE

The landlord accepts the principles and will be flexible in considering alternative terms offered in accordance with the Commercial Lease Code of Practice.

ENERGY PERFORMANCE CERTIFICATE

The Energy Performance Asset Rating is Band B (45). A full copy of the EPC is available for inspection if required.


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