About this property
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.
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. There is a small shared yard to the rear of the property.
The ground and first floors are currently available to let as either a whole or on a floor by floor basis. We have measured each floor as providing the following net internal floor areas:
Ground floor 40.78 sq m (439 sq ft)
First floor 67.07 sq m (722 sq ft)
TOTAL 107.85 sq m (1,161 sq ft)
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:
Ground floor £7,000 per annum
First floor £11,500 per annum
This is a fully inclusive rent which covers the costs of maintaining the building and common areas, as well as providing heating and lighting to all parts of the building.
The whole of the property is subject to a single rating assessment and therefore, a proportion of the business rates payable will also be recovered through the service charge. Further details are available on request.
All figures quoted above are exclusive of VAT where chargeable.
Each party are to bear their own legal costs in connection with the preparation and execution of the lease.
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,
Strictly by appointment with sole agents, YoungsRPS.