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No longer on the market

This property is no longer on the market

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Shop

Shop
Added > 14 days

Letting details

  • Long term let

Features and description

Available as a whole or in part

Ground, first and second floors

Suitable for a variety of uses

Rent only £23,000 per annum

The property comprises ground, first and second floors within a three-storey end-terraced building of brick and stone construction under a slate covered pitched roof. The retail frontages are of single glazed timber frame construction. Heating is provided by wall mounted electric heaters.

Internally the property is presented in good condition with suspended ceilings, integral lighting, plastered walls and intruder/fire alarm systems. Most recently the property has been let to a single tenant. The ground and first floors were occupied as retail space with the second floor used for storage.

The property is Grade II Listed and lies within Hexham Conservation Area.

Rooms

Accommodation
We have measured the property as providing the following net internal areas: Ground floor 98.11 sq m (1056 sq ft) First floor 77.50 sq m (834 sq ft) Second floor 81.99 sq m (883 sq ft) TOTAL 257.60 sq m (2773 sq ft)

Services

Terms
The property is available to let as a whole by way of a new full repairing and insuring lease for a term of years to be agreed at a rent of £23,000 per annum exclusive of business rates and payable quarterly in advance.

Rates
The property is entered into the 2023 Rating List with a rateable value of £18,750. Interested parties should make enquiries direct with the Local Authority to establish the actual rates payable. If the property is split into two shops, a new rating assessment will be required.

VAT
The property is not registered for VAT and therefore VAT will not be payable on the rent.

Legal Costs

Service Charge

Parking

Planning
The property is suitable for retail use. It may also be suitable for other uses, subject to planning consent being obtained.

PROPERTY

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Youngs RPS - Commercial
Youngs RPS - Commercial
23 Grey Street Newcastle Upon Tyne NE1 6EE
0191 228 6167
Full profileProperty listings
Our in-house team of commercial surveyors and planning consultants based in Newcastle are experts in their field and can provide a range of professional services. Whether you are looking to buy, sell or let your property or require property management or valuations, our chartered surveyors and valuers offer sound advice and deliver optimum results working throughout the north east including Newcastle, Gateshead, Sunderland, Durham and Northumberland.
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