Retail property (high street)
Features and description
- Investment Opportunity
- Current Rental Income £12,000 per annum
- Potential Rental Income £18,500 per annum
- Upper Floors Only
- Long Leasehold 999 years remaining
- VAT Applicable
Video tours
The premises is on the first to fourth floors. The majority of the property is let to one tenant trading as a tattoo removal/aesthetics business however there is a small office which is currently vacant on the first floor. There are a number of on street, pay and display parking provisions and close by multi storey car parks that can be utilised by occupiers/tenants of the individual office premises. The subject property is provided with a reception/waiting area, kitchen, W.C. facilities and a number of individual treatment rooms.
Rooms
Location
The subject Premises is situated within Clayton Street, Newcastle upon Tyne, located within the main leisure district of the city centre. Clayton Street is an established retail street stretching from Grey's Monument south to Westgate Road. Clayton Street is an established shopping location within the city centre with a number of household retailers encouraging high levels of footfall and passing trade.
Accommodation
GROUND FLOOR
Secure entrance
Communal stairs to first floor
FIRST FLOOR (office space)
Reception/kitchen: 12.1sqm (130.8sqft)
Stairs to second floor
SECOND FLOOR
Office one: 29.58sqm (314.7sqft)
Office two: 6.0sqm, (64.5sqft)
Stairs to third floor
THIRD FLOOR
Office three: 15.8sqm (163.4sqft)
Office four: 13.5sqm (145.6sqft)
Office five: 6.0m2, (64.5sqft)
Male/female W.C.
Hallway
Stairs to four floor
FOURTH FLOOR
Office six: 28.6sqm (307.8sqft)
NET INTERNAL AREA APROXIMATELY: 105.0sqm (1127.7sqft)
Rateable Value
The adopted rateable value is £5,000 as of 1st April 2017.
Sourced from VOA.
EPC
Energy Performance Certificate: D
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