Shakespeare House, 18 Shakespeare Street, Newcastle upon Tyne, Tyne and Wear, NE1

Accommodation

The accommodation currently available is as follows: Suite 2 Second floor - 1252 sq ft Suite 3 Second Floor - 1177 sq ft Suite 1 Third floor - 778 sq ft Suite 3 Third Floor - 658 sq ft

Services

Terms

Each office suite is available on an effectively full repairing and insuring standard form of lease for the building for a term of 6 years, inside the protection of Part II of The Landlord & Tenant Act 1954. Rents are as follows: Suite 2 Second Floor - £16,902 Suite 3 Second Floor - £15890 Suite 1 Third floor - £10503 Suite 3 Third Floor - £8883

Rates

Rateable values are as follows: Suite 2 Second floor - £13,000 Suite 3 Second Floor - £10250 Suite 1 Third floor - £8800 Suite 3 Third floor - £7100

VAT

VAT is payable on all rent and service charge

Legal Costs

Each party to bear their own legal costs in connection with the preparation and execution of the lease.

Service Charge

A service charge will be payable to enable the landlord to recover from the tenant a fair proportion of the costs of maintaining and managing the building and common areas. A proportion of the building insurance premium is recovered separately from the service charge. The service charge will be capped for the first 3 years of the term at the rate of £8.50 per sq ft plus VAT per annum for the first year, with RPI linked increases for the second and third years of the term.

Viewing

Strictly by appointment through youngsRPS or Joint Agents Avison Young

Parking

Planning

PROPERTY

ENERGY PERFORMANCE CERTIFICATE The offices are rated C-75. A copy of the EPC certificate and recommendation report is available on request. CODE OF PRACTICE FOR COMMERCIAL LEASES The Code of Practice for Commercial Leases in England and Wales recommends parties intending to enter into leases should seek advice from professionals or lawyers at an early stage. The Code is available through professional institutions and trade associations or through the website,