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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.

Youngs RPS - Commercial

Tenancy Information Holding deposit.A holding deposit, equal to 1 weeks rent is payable upon the start of the application.For successful applicants any holding deposit will be offset against the security deposit with the agreement of the payee. Deposit.A security deposit equal to 5 weeks rent (6 weeks where the annual rent is greater than £50,000). The deposit and first months rent is payable once the references have been passed and before the tenancy begins. Charges payable in accordance with the Tenants Fees Act 2019.Default of lost keys/security devicesDefault of rent (3% above bank of England rate 14 days after rent due)Contract termination (any outstanding rent at the end of the tenancy and reasonable costs incurred by YoungsRPS in collection of arrears)Contract amendment fee - £50 YoungsRPS are members of The Royal Society of Chartered Surveyors (membership 753657) which is a client money protection scheme and The Property Ombudsman (membership T01758) which is a redress scheme. You can find out more details by contacting the agent directly.

Prime corner location Newly refurbished Suitable for a variety of uses Immediate occupation Rent £15,000 per annum

Property reference NEW240046_L. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Youngs RPS - Commercial.

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Property & houses to rent in Newcastle Upon Tyne

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Shop on 218 Westgate Road to rent

Shop

The property occupies a prominent corner location on Westgate Road which links Newcastle City Centre to the A1 and A69 Trunk Roads.The property is located towards the lower part of Westgate Road closest to the city centre where the road joins St James' Boulevard. There has been extensive development nearby on the former Newcastle Brewery site which now comprises of a mixed development including academic space, commercial property and residential accommodation.Westgate Road is the oldest named street in Newcastle and is a popular retail location with excellent passing trade.Nearby occupiers include independent traders such as café, hot food takeaway and motorcycle stores.On street parking is available to the front of the property.

LOCATION

The property is a single storey standalone building with a flat roof occupying a corner position. The property benefits from return frontage with extensive glazed window to the front and side.The property has recently been fully refurbished with brand new fixtures and fittings which include a sound and lighting system as well as a CCTV system.Internally the property consists of an open plan retail space to the front with a kitchen, wc and store to the rear.

DESCRIPTION

We have measured the property as providing the following net internal floor area:

ACCOMMODATION

48.99 sq m

The accommodation is available to let on a full repairing basis for a term of years to be agreed.

LEASE TERMS

The accommodation is available to let at a rent of £15,000 per annum.

RENT

The property is registered for VAT therefore VAT is payable on the rent.

The property has a rateable value of £7,900.  Interested parties should contact the Local Authority to establish the rates payable.It is likely that most occupiers may benefit from small business rates relief and therefore it is unlikely that business rates will be payable.

RATEABLE VALUE

Each party are to bear their own legal costs in connection with the preparation and execution of the lease.

LEGAL COSTS

St. James

St James (Tyne and Wear Metro Station)

St James

Prime corner location Newly refurbished Suitable for a variety of uses Immediate occupation Rent £15,000 per annum

No longer on the market

Shop

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