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Station Road, Ashington, Northumberland, NE63

£29,800 pa (£2,483 pcm)
1,659 sq. ft.

Property Description

Commercial information

  • Use class orders: A1 Shops

Letting information:

Furnishing: Unfurnished

Key features

  • Incentives are available which may include reduced rentals, stepped rents and rent free periods to assist with the cost of fitting out works.
  • The subject property occupies a 100% prime position on the pedestrianised Station Road.
  • Nearby retailers include Select Ladieswear, Boots, Burton Menswear, Greggs, Hays Travel and CEX.

Full description

Tenure: Leasehold

Ashington is an established former mining town in Northumberland, with a population of 27,335 and a district catchment in excess of 61,000 (2001 census). It is well linked with the rest of the North East by the A1 and A19, via the A189 Spine Road. The town has recently been boosted by the announcement of around 500 new jobs coming from the relocation of County Hall from Morpeth to Ashington town centre. Furthermore the new Ashington leisure centre development on the site of the former ASDA supermarket is now complete.

The subject property occupies a 100% prime position on the pedestrianised Station Road. Nearby retailers include Select Ladieswear, Boots, Burton Menswear, Greggs, Hays Travel and CEX.

The property is currently let by way of a lease from the 17 November 2003 for a term of 25 years with upwards only rent reviews at each fifth anniversary of the term. The passing rent is 29,800 per annum.

The property is available by way of assignment of the existing lease. Alternatively the property is available by way of a sublease on terms to be agreed.

Incentives are available which may include reduced rentals, stepped rents and rent free periods to assist with the cost of fitting out works.


More information from this agent

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