Retail premises to let

Location

The Subject Property is located in Gateshead. Gateshead is situated on the south bank of the River Tyne on the opposite side of the river to Newcastle. Gateshead is on the A167 Gateshead Highway which links Durham Road and the A1 to the south to the A167 (M) Central Motorway through Newcastle to the north.
Gateshead is also linked with the A1 to the west via the A184 Askew Road. The A184 also links with South Tyneside to the east. Tyneside is also served by a Metro Light Rapid Transport Rail Network which has a station at Gateshead Interchange where there is a bus terminal.

Accommodation

The property includes the following net internal areas:

Ground floor 73 sq m / 785 sq ft
First floor 230 sq m / 2,472 sq ft
Total 303 sq m / 3,257 sq ft
itza 69 sq m / 743 sq ft

Terms

The property is available to rent at £17,500 per annum on full repairing and insuring terms. All other lease terms are to be agreed by negotiation.

Rating assessment

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

Shop and Premises £11,250

Anti-money laundering

In accordance with anti-money laundering regulations, two forms of identification and con-firmation 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 “E”.

VAT

All figures are exclusive of VAT.