Located in Bill Quay we offer this corner sited ground floor unit which was last used as a retail shop. Suitable for a variety of uses (subject to usual consents) it is in good order and offered with immediate vacant possession. The unit has a net internal floor area of approximately 90 square metres which provides adequate sales area plus ancillary space.
FRONT SHOP 4.47m (14'8) x 3.9m (12'10)
Accessed via a corner sited entrance door with windows to two sides plus security steel roller shutters.
REAR SHOP 9.72m (31'11) x 5.94m (19'6) Maximum
With staff toilet to rear.
OFFICE/STORAGE 4.3m (14'1) x 3.67m (12'0)
KITCHEN 2.87m (9'5) x 2.14m (7'0)
(Off office/storage)
LEASE TERMS
The property is available leasehold on an internal repairing basis and reasonable reimbursement to landlord for the cost of repairs to the exterior and insuring the property against the usual property risks. Lease term multiples of 5 years with 5 yearly reviews.
Available immediately at £10,000 pa
Every applicant will be subject to an AML check, for which we make a charge of £24 each applicant.
Use
The last known use was as a carpet shop/store. We understand that the use class is Commercial, Business & Service (E) but prospective tenants must make their own enquiries to ensure that their proposed use is acceptable to Gateshead Council planning department. The landlord will not allow the sale or preparation of hot food.
RV
The VOA website lists the current Rateable Value as £4,000. It is possible therefore that a qualifying tenant will not pay rates under the Small Business Rate Relief scheme. Prospective tenants should make their own enquiries.
VAT
The rent and other charges referred to above are quoted NET of VAT and therefore VAT may be payable should the landlord elect to do so. We are advised that the landlord has not currently elected to charge vat.
COSTS
Each party to be responsible for their own costs in completing the lease.
For further information or to arrange a viewing
Contact our Commercial Department on 0191 477 1181.
Directors of Andrew Craig Ltd have a financial interest in the Company that owns this unit.
Broadband & Mobile Coverage
The Ofcom website states the average broadband download speed of 7 Mbps and a maximum download speed of 1000 Mbps at this postcode: NE10 0RS and mobile coverage is provided by EE, Three, O2, Vodafone. The checker results are predictions and should not be regarded as guaranteed.
The Agent of the North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on 0191 226 1222
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