Shop at 532 Durham Road, Low Fell, Gateshead
- SIZE AVAILABLE
1,201 sq ft
112 sq m
- SECTOR
High street retail property to lease
Lease details
- Lease available date:
- Ask agent
Description
LOCATION
The property forms part of the well established strong local shopping area serving the Low Fell suburb of Gateshead. The retail area straddles the A167 Durham Road which serves as the principal arterial route towards Gateshead town centre.
The shopping area offers an excellent range of national, multiple and local retailers centered around a Co-op supermarket. Other multiple retailers include Greggs, Boots, Savers and Costa. There are also a number of public houses and restaurants nearby.
The shopping area is served by two surface car parks on either side of Durham Road, behind the shops. There is also restricted on street car parking to the front of the property.
DESCRIPTION
The premises comprise of a ground floor shop with ancillary basement accommodation within a four-storey modern infill development of brick construction with a pitched and slate roof. The upper floors are in office use.
The shop benefits from a modern aluminum shop front with external electronically operated roller shutter. The retail accommodation benefits from a suspended ceiling with integral lighting, tiled floor and slat paneling to the walls. There is also a customer changing room within the retail area. To the rear of the retail area is an office. The basement provides useful ancillary storage and staff toilet facilities.
The property would be suitable for a variety of retail uses. It also lies within a Conservation Area.
ACCOMMODATION
We have measured the property as providing the following net internal areas:
Retail area 67.88 sq m (731 sq ft)
Rear office 19.08 sq m (205 sq ft)
Basement storage 24.63 sq m (265 sq ft)
TOTAL 111.59 SQ M (1,201 SQ FT)
TERMS
The property is available to let for a term of years to be agreed with provision for upward only rent review at the end of the third year of the term. The lease will be drawn on effectively a full repairing and insuring basis with a service charge operating.
OUTGOINGS
The property is entered into the Rating List with a rateable value of £14,500.
Interested parties should make enquiries direct with the Local Authority to establish the actual rates payable.
OTHER
RENT
The property is available to let at a rent of £17,000 per annum, exclusive of business rates and payable quarterly in advance. The property is registered for VAT and, therefore, VAT will be payable on the rent.
VIEWING
Strictly by appointment with the sole agency YoungsRPS.
Energy Performance Certificates
EPC Front PageBrochures
Shop at 532 Durham Road, Low Fell, Gateshead
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Gateshead Stadium Tram Stop1.5 miles
- Felling Metro Station1.6 miles
- Dunston Station1.9 miles
We offer commercial property development, management, landlord & tenant, and valuation services. We pride ourselves in being local commercial surveyors and in our knowledge of the local market. Between the team, we have over 125 years of commercial property experience across the North of England. We work with our in-house rural, residential, and planning and development teams to bring you innovative results.
Notes
Disclaimer - Property reference 100897008413. 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 Youngs RPS Limited, Newcastle. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.