Retail Property (out of town) to rentUnit 7 Allison Court, Metrocentre, Gateshead, NE11 9YS
£36,120 pa (£3,010 pcm)
2,491 sq. ft.
- 2,491 sq ft (231 sq m)
- Use class orders: A1 Shops
- Situated adjacent to the A1(M) Metrocentre interchange
- 2.6M people live within a 70 minute drive of the location
- Metro Retail Park is situated a short distance to the north
- Glazed frontages to three elevations offering high visibility exposure to Allison Court
- The unit is adjacent to Halfords and American Golf
- Located approximately 3 miles west of Newcastle/Gateshead City Centres
- Near Intu Metrocentre, Europe’s largest leisure and retail destination
- The property comprises a terraced retail showroom
- The scheme has ample free car parking to the front of the scheme
- Maplins Electronics, J&S Accessories and Evans Cycles are all represented in the same development
Allison Court is situated adjacent to the A1(M) Metrocentre interchange approximately 3 miles west of Newcastle/Gateshead City Centres.
Immediately outside the Metrocentre the A1(M) has an Average Annual Daily Flow (AADF) of 82,499 vehicles (source – Dept for Transport 2013)
2.6M people live within a 70 minute drive of the location of which 55% are ABC1 having a total available spend in excess of £10 billion.
Intu Metrocentre, Europe’s largest leisure and retail destination (350 units in over 2.0M sq ft) benefits from 22M shopper visits annually and is home to most of the UK’s principal retailers and leisure operators.
Metro Retail Park is situated a short distance to the north where Next at Home, Oak Furnitureland, Sofaworks, SCS, Harveys, Barker & Stonehouse, Toys R Us and Staples are all represented.
The Marriott Hotel is opposite.
IKEA, Pets at Home, ASDA, Snow and Rock, Starbucks, McDonalds, Pizzahut, Krispy Kreme and Aldi are also close by.
The aerial photo attached to these details demonstrates just how dominant this retail destination is within the Newcastle/Gateshead conurbation.
The property comprises terraced accommodation suitable for retail use at the northern end of the scheme. The landlord has recently undertaken renovation works on the unit, installing a new kitchen and floor finish as well as undertaking internal decoration.
The scheme has ample free car parking to the front of the scheme and outside the subject unit. Retailers represented in the scheme include American Golf, Maplins Electronics, and Evans Cycles. Retailers in the block of the subject unit include specialist offerings such as Vale Upholstery and the popular Wed2B.
The unit provides the following approximate dimensions and area:-
Internal Width 50’ 10” 15.50 m
Built Depth 49, 00” 14.94 m
GIA 2,491sq ft 231.42 m²
Includes amenity block – 2 wcs and staff kitchen
The premises will be available by way of a new 10 year lease subject to 5 yearly upward only rent reviews. The lease will be drawn on effectively a Full Repairing and Insuring basis subject to a service charge provision. On account service charge for year ending June 2016 is £2,936.78
Rental offers in excess of £14.50 psf are invited
RATES & SERVICE CHARGE
With effect from 1 April 2010 the property is assessed for rating purposes as follows:-
Rateable Value £25,500
UBR 2015/2016 49.3p
Interested parties should seek clarification of this information with the local rating authority.
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 B35. A copy of the EPC is available for inspection if required
More information from this agent
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