Retail Property (high street) to rent

4-6 Percy Street, Newcastle Upon Tyne, NE1 7RZ

3,024 sq. ft. | £45,000 pa| £3,750 pcm

Property Description

Commercial information

  • 3,024 sq ft (280 sq m)
  • Use class orders: A1 Shops and A2 Financial and Professional Services

Key features

  • Part of Eldon Square which benefits from 35m shoppers annually
  • There is potential to redesign the area to the front of the shop to provide an external seating
  • Neighbouring tenants include Next and Tesco are close by and Powerhouse Fitness
  • Newcastle University campus occupies premises close by and Northumbria University is 5 minutes walk.
  • The redevelopment of the iconic Co-op Department Store is set to complete shortly
  • The premises are partially fitted with wcs and staff accommodation but are otherwise open plan.

Full description

DESCRIPTION
The premises are located on the ground floor of the Eldon Court office block (part of intu Eldon Square Shopping Centre 35M shoppers annually) and provide a lock up showroom in an elevated position overlooking the junction of Percy St and Gallowgate/Blackett St.

There is potential to redesign the area to the front of the shop to provide an external seating facility which might suit restaurant or café use – see CGI attached.

The unit has existing A2 (office) use and we believe A1 and A3 uses would also be available subject to planning.

Next and Tesco are close by and Powerhouse Fitness occupy adjoining premises.

Newcastle University campus occupies premises close by and Northumbria University is 5 minutes walk.

Haymarket and Eldon Square Bus Stations are 200m from the premises.

The redevelopment of the iconic Co-op Department Store in neighbouring Newgate St is due for completion shortly. Premier Inn will open in March together with 2 of the restaurants at Ground floor (Cabana and Turtle Bay). Pure Gym in the basement is already trading.

A plan attached identifies the location of the property in a City Centre context and is for indicative purposes only.

Plans of the property are available on request.

ACCOMMODATION
The premises provide the following areas and dimensions

Internal Width 24.08m 79’ 00”
Shop Depth 12.10m 39’ 08”

NIA 280.94m² 3,024 sq ft

There is a small return frontage to the side of the property and the area to the front has potential for an external seating area – an indicative CGI is also attached.

The premises are partially fitted with wcs and staff accommodation but are otherwise open plan.

TENURE
The premises are available on a new Full Repairing and Insuring lease for a term to be negotiated but otherwise incorporating 5 yearly upward only rent reviews

RENT
Rental offers are invited in the region of £45,000 pa

RATES & SERVICE CHARGE
With effect from 1 April 2010 we understand the property is assessed for rating purposes as follows:

Ratable Value £35,000
Rates payable April 2015/16 £ 17,255

Interested parties should verify the accuracy of this information and rates payable with the Local Rating Authority (Newcastle City Council, Tel: 0191 220 7000).

The 2016 On Account Service Charge contribution for this unit is £12,435.89

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
An Energy Performance Certificate has been commissioned and will be available for inspection prior to completion.

VAT
All figures quoted in these terms are exclusive of VAT where chargeable


More information from this agent

Nearest stations

  • Manors (0.4 mi)
  • Newcastle Central (0.5 mi)
  • Jesmond (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

@retail, Newcastle Upon Tyne

Cobalt Business Exchange, Cobalt Way, Newcastle Upon Tyne, NE28 9NX

0191 687 0662 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

@retail, Newcastle Upon Tyne

Cobalt Business Exchange, Cobalt Way, Newcastle Upon Tyne, NE28 9NX

0191 687 0662 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Manors (0.4 mi)
  • Newcastle Central (0.5 mi)
  • Jesmond (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

@retail, Newcastle Upon Tyne

Cobalt Business Exchange, Cobalt Way, Newcastle Upon Tyne, NE28 9NX

0191 687 0662 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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Property reference 4-6percystreet. The information displayed about this property comprises a property advertisement. Rightmove.co.uk 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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