Farringdon Road, Cullercoats

INVESTMENT
The property comprise a single storey, end terrace retail unit for sale currently subject to a lease to Curves Ladies Gym until 2026.

The property forms part of a busy parade of retail units which benefit from a good level of passing trade.

Location - The property is located in Cullercoats which is a popular residential area lying between Whitley Bay and Tynemouth. The property forms part of a busy parade of retail units which benefit from a good level of passing trade.

Description - The property comprises a single storey accommodation with potential for a range of uses.

Currently occupied by Curves Gym until 2026 at £9,800 per annum inclusive of VAT.

Accomodation - The Net Internal Area (NIA) is as follows:

116sqm (1250sqft).

Services - We understand that Electric and water are connected to the property. (All interested parties should satisfy themselves with the local service providers).

Planning - We understand that the premises have planning permission for use as designated under class E of the Town and Country (Use Classes) Order 1987 (as amended)

Rating Liability - According to the Valuation Office Agency (VOA) website and the premises has a Rateable Value of £10,250.

Energy Performance Certificate - The EPC rating for the property is 101(E). A full copy of the report is available upon request.

Price - Our client is seeking £200,000 for the long leasehold interest.

Vat - All prices quoted are exclusive of VAT at the prevailing rate.

Money Laudering - In accordance with the Anti-Money Laundering Regulations the Purchaser will be required to provide two forms of identification and proof of the source of income.

Costs - Each party will be responsible for their costs in the transaction.

Client Monies Protection Scheme - R A Jackson & Son LLP is a proud member of the RICS. The RICS Client Money Protection for Residential Agents scheme has been approved by Government under the The Client Money Protection Schemes for Property Agents (Approval and Designation of Schemes) Regulations 2018. This means that RICS registered firms holding money in the areas covered by the regulations, will have met the requirements under The Client Money Protection Scheme for Property Agents Regulations (2018) to belong to an approved scheme. Further information can be found at

Property Redress Scheme - R A Jackson & Son LLP are part of The Property Ombudsman. Membership number T01923.