Office to let in Higham Place, Newcastle Upon Tyne, Tyne & Wear, NE1

LOCATION
The property is located on Higham Place, opposite The Laing Art Gallery. The A167(M) Central Motorway is located adjacent to the building and provides easy access to the Tyne Bridge to the south and the A1(M) to the north.

Newcastle’s prime retail areas of Northumberland Street and Intu Eldon Square Shopping Centre are only a few minutes’ walk away and Newcastle Central Railway Station can be reached within around 10 minutes’ walk.

There is on street metered car parking to the front of the building and multi-storey car parks close by.

DESCRIPTION
The property comprises a three-storey building of brick construction under a slate covered pitched roof. Internally, it provides traditional office accommodation over ground, first, second and attic floors. There are communal kitchen and toilet facilities.

The property has recently undergone an internal refurbishment, which includes a newly fitted kitchen, updated bathrooms and the installation of a shower facility.

There is a small shared yard to the rear of the property.

ACCOMMODATION
The first floor is currently available to let. The office space is open plan, carpeted throughout, with integrated lighting. It also benefit from access to a shared kitchen and w.c.’s. We have measured the property as providing the following net internal floor area:

First floor 67.07 sq m (722 sq ft)

TERMS
The accommodation is available to let on an internal repairing basis for a term of years to be agreed. The agreement will be contracted out of Part II of the Landlord & Tenant Act 1954.

The accommodation is available to let as follows:

First floor £11,500 per annum

Utilities will be charged in addition to the rent, payable directly to the landlord (landlord to arrange and tenant to reimburse).

OUTGOINGS
The whole of the property is subject to a single rating assessment. The tenant will be required to apply for a split assessment.

Tenant to be responsible for the business rates relating to the property.

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

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

OTHER
ENERGY PERFORMANCE CERTIFICATE
The whole of the property has an EPC rating of E-104. A copy of the EPC 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.