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Retail Property (high street) to rent

Bedford Way, North Shields, NE29

£30,000 pa (£2,500 pcm)
1,754 sq. ft.

Property Description

Commercial information

  • 1,754 sq ft (162 sq m)
  • Use class orders: A1 Shops

Key features

  • Beacon Shopping Centre provides over 167,000 sq ft of retail accommodation
  • Bedford Street is the principal retail core of North Shields
  • The centre is anchored by Wilkinsons (52,000 Sqft)
  • Retailers within the scheme include Home Bargains, Boots, Bon Marche and New Look
  • The accommodation is arranged on ground and first floors

Full description

The Beacon Shopping Centre currently comprises over 186,000 sq ft of retail accommodation with in excess of 40 retail units. The centre is anchored by Wilkinsons (52,000 sq ft), Home Bargains, Boots, Bon Marche and New Look. The scheme is linked to a car park providing 460 spaces with direct access to the Centre and has a footfall of 120,000 persons per week.

The subject property is located opposite Poundland and Wilkinsons with nearby occupiers including Card Factory, Greggs, Boots, and Holland & Barrett.

The unit is arranged on ground and first floor providing the following approximate areas:

Ground Floor Sales 97.08m 1,045 sq ft
First Floor Ancillary 65.87m 709 sq ft

The premises are available To Let by way of a new 10 year effectively Full Repairing and Insuring Lease, subject to a rent review at year 5.

Commencing rental of 30,000pa per annum exclusive.

The current On Account service charge for 2015/16 is 9,245.22

The property achieves an Energy Performance Rating of 128 placing it in category F. A copy of the EPC is available upon request.

Each party is to be responsible for their own legal fees incurred in the transaction.

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

Rateable Value 36,500.00
Rates Payable 2015/16 17,994.00

Interested parties should verify the accuracy of this information and the rates payable with North Tyneside Council (Tel: 0191 200 5000).

More information from this agent

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Property reference 5bedfordway. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by @retail, Newcastle Upon Tyne.

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