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About this property

LOCATION
The property forms part of the well established strong local shopping area serving the Low Fell suburb of Gateshead. The retail area straddles the A167 Durham Road which serves as the principal arterial route towards Gateshead town centre.

The area offers an excellent range of national, multiple and local retailers centered around a Co-op supermarket. Other multiple retailers include Greggs, Boots, Savers and Costa. There are also a number of public houses and restaurants nearby.
The area is served by two surface car parks on either side of Durham Road, behind the shops. There is also restricted on street car parking to the front of the property.

DESCRIPTION
The first floor offices are accessed by stairs to the front of the building. The front office is open plan. The rear office is a mix of open plan and cellular offices and a kitchen.

The space has laminate floors, plastered walls, suspended ceiling with integral lighting and dado trunking. It is heated by a mix of a gas fired central heating system to radiators and wall mounted electric storage heaters.

There are shared toilet facilities to the second floor of the building. The space is available as a whole or in two parts.

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

Front office: 789 sq ft
Rear office: 925 sq ft

TERMS
The property is available to let for a term of years to be agreed with provision for upward only rent review at the end of the third year of the term. The lease will be drawn on effectively a full repairing and insuring basis with a service charge operating.
The property is available to let at a rent of £17,000 per annum, exclusive of business rates and payable quarterly in advance.

A smaller office may also be available.

The property is registered for VAT and, therefore, VAT will be payable on the rent.

OUTGOINGS
The whole of the floor is entered into the Rating List with a rateable value of £12,250.

If the property is to be let in two parts, a new Rating Assessment will be obtained. Tenants may benefit from small business rates relief.

Interested parties should make enquiries direct with the Local Authority to establish the actual rates payable.

PARKING NOTES
There is parking nearby

OTHER
RENT
Front office: £8,000 per annum
Rear office: £9,000 per annum

The rent is exclusive of business rates and payable quarterly in advance.
The property is registered for VAT and, therefore, VAT will be payable on the rent.

ENERGY PERFORMANCE CERTIFICATE
The property has an EPC rating of D-81.
A copy of this certificate and Recommendation Report is available on request.

CODE OF PRACTICE FOR COMMERCIAL LEASES
The Code of Practice for Commercial Leases in England and Wales recommends parties intending to enter into leases should seek advice from professionals or lawyers at an early stage. The Code is available through professional institutions and trade associations or through the website www.commercialleasecodeew.co.uk

VIEWING
Strictly by appointment with sole agents YoungsRPS.
Contact Paul Fairlamb on 07718 523037 or e-mail: paul.fairlamb@youngsrps.com

Location