Retail premises to let

Location

The property is located in the densely populated suburb of High Heaton, situated around 2 miles north east of Newcastle City Centre. Situated very close to Longbenton, Jesmond and Heaton. Four Lane Ends transport interchange and Metro station are located close by and there are a number of bus services operating on Benton Road.

This property is one of four units within a small neighbourhood shopping parade overlooking a busy mini-roundabout at the intersection of Benton Road and Dovedale Gardens.

Description

The property comprises a ground floor single storey mid-terraced retail unit. The unit benefits from a glazed frontage and wooden shop front with security roller shutter.

Accommodation

The property includes the following gross internal areas:

Ground Floor 46.9 sq m / 505 sq ft

Terms

The property is available to let on full repairing and insuring terms at a rent of £12,000 per annum. All of the terms are to be agreed by negotiation.

Rating assessment

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

2023 £5,000

The Small Business Rate for the year 2024/2025 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

The property has an Energy Performance Certificate rating of D(77).

VAT

All figures are exclusive of VAT where chargeable..