St. Marys Place, Newcastle Upon Tyne

TO LET - BASEMENT UNIT

Location - Situated on a busy street in the City Centre, nearby occupiers include Greggs, Cafe Nero and Costa Coffee.

The property is positioned on St. Mary's Place between the main campuses of Newcastle and Northumbria Universities and the city's prime Northumberland Street retail pitch, thus providing a good level of footfall.

The premises also benefit from excellent transport links with a number of bus stops lying directly opposite and Haymarket Metro Station which is a short distance away.

Description - The property which has dedicated access from St. Mary's Place comprises a lower ground (Basement) floor retail unit and provides a front retail sales area together with a rear sales / store and a toilet.

The property is not suitable for hot food.

Accommodation - The Net Internal Area (NIA) is as follows:
52 sqm (555 sqft)

Services - We understand that mains water, electricity and drainage are connected to the property. There is no mains gas.
(All interested parties should satisfy themselves with the local service providers.)

Rating Liability - The property is assessed for business rates as follows:
RV £10,250.

Tenure - The property is available by way of new FRI lease for a minimum term of 3 years.

Rent - The property is available at an initial rent of £15,000 per annum plus VAT.

Service Charge - The premises are subject to a service charge relating to the upkeep and maintenance of common parts.

Energy Performance Certificate - Full details upon request.

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

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

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