Property description
SITUATION
The premises are situated in North Shields town centre at the junctions between Howard Street and Saville Street. North Shields is situated approximately 8 miles to the east of Newcastle City Centre and is an established location for both commercial and residential uses, benefitting from good transport links via the surrounding road network, Metro service and A19 Tyne Tunnel route.
Surrounding properties are a mix of retail, office, leisure and residential buildings with the central shopping area, commercial areas and North Shields Quayside all within a short walk.
DESCRIPTION
The premises comprise a spacious, ground floor retail showroom which has been fitted out to a high standard with carpets, suspended ceiling and automated perforated security shutters. The premises have an extensive return frontage and benefit from rear loading access.
The sales are, which is arranged over two level, would be suitable for a wide range of showroom and retail uses. Within the sale area is a small partitioned office and from the sales area access is gained to the ancillary areas which provide storage, kitchen and toilet facilities together with an access to the rear for loading.
The premises are available for immediate occupation, subject to lease, and may be suitable for alternative office uses, subject to planning consent.
ACCOMMODATION
The accommodation comprise:
Sales area
120.2m²
(1,295.0ft²)
Storage/Kitchen
26.7m²
(287.4ft²)
Total
146.9m²
(1,582.4ft²)
TERMS
The property is available by way of a new FRI lease for a term of years to be agreed at a rental of £9,750 (Nine Thousand Seven Hundred and Fifty Pounds) per annum.
RATING ASSESSMENT
Description
RV
Estimated Rates Payable
Shop & Premises
£8,000
£3,768
We are advised that the rateable value of the premises as at 1 April 2010 is £8,000 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 47.1p in the pound. However, interested parties should confirm the current position with the Local Authority.
As a new occupier rights of appeal may exist against this assessment.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
Property Features :
- Well fitted showroom premises
- Spacious and modern sales area
- Total size 146.9m² (1,582.4ft²)
- Highly visible location
- Easy parking and access