The property provides self-contained, ground, first and second floor accommodation accessed from its own entrance on Ridley Place. The property was previously used as a hairdressers. The property could be used for a variety of uses subject to the relevant permissions. There are both kitchen and W/C facilities.


DESCRIPTION
The property provides self-contained, ground, first and second floor accommodation accessed from its own entrance on Ridley Place. The property was previously used as a hairdressers. The property could be used for a variety of uses subject to the relevant permissions. There are both kitchen and W/C facilities.

ACCOMMODATION
The property includes the following gross internal areas:

Ground Floor 45.66 sq m / 491.51 sq ft
First Floor 44.78 sq m / 482.02 sq ft
Second Floor 47.05 sq m / 506.41 sq ft
Basement 38.43 sq m / 413.70 sq ft
Total 175.93 sq m / 1,893.64 sq ft

TERMS
The property is available to let on a new lease for a term to be agreed at a commencing rent of £36,000 per annum exclusive on full repairing and insuring term.

RATING ASSESSMENT
The rating assessment currently appearing on the Valuation List is as follows:

2026 - £18,250
2023 - £16,000

The Small Business Multiplier for the period from 1 April 2025 to 31 March 2026 is 49.9 pence in the pound. With effect from 1 April 2026, the Small Business Multiplier will be 43.2 pence in the pound. The Small Business Rate for the year 2025/2026 is 49.9 pence in the pound.

ANTI-MONEY LAUNDERING
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.

LEGAL COSTS
Each party to bear their own legal costs incurred in the transaction.

ENERGY PERFORMANCE
An Energy Performance Certificate has been commissioned and will be available shortly.

VAT
All figures are exclusive of VAT where chargeable.

The property is located on Ridley Place linking with Northumberland Street and John Dobson Street within Newcastle city centre. The property is in close proximity to the Northumbria University, the Civic Centre and Eldon Square Shopping Centre.
Public transport links are good with Haymarket Metro Station and Haymarket Bus Station within easy walking distance.