About this property
Shakespeare House is situated opposite the Theatre Royal in the heart of Newcastle’s traditional prime office core, close to Grey Street and benefits from ease of access to the Metro at Monument and is a two minute drive from the Central Motorway, A167(M).
Newcastle’s prime retail areas of Northumberland Street and Intu Eldon Square Shopping Centre are only a few minutes’ walk and Central Station can be reached within a 10 minute walk. There are a number of surface and multi-storey car parks close to the property.
Shakespeare House has been comprehensively refurbished and modernised to provide high quality city centre office accommodation on three upper floors. The offices benefit from the following specification:
• Fully carpeted throughout
• Security entry system and CCTV
• Eight person passenger lift
• Three compartmental floor trunking
• Gas fired central heating via perimeter radiators
• Kitchen and w.c. facilities are located within the common areas of the building on each floor
• Shower facilities
• Onsite cycle storage
• Double glazing throughout
• Good natural daylighting
• DDA compliant
Other occupiers of Shakespeare House include: CBI, YoungsRPS (Property Consultants), Christie & Co (Business Transfer Agents), Protocol Education Limited (Education Recruitment Agents), CK21 (Structural/Civil Engineers) and Charles Taylor General Adjusting Services.
This suite is situated on the first floor of the building, with views to the south and east on to Pilgrim Street and High Bridge. The entrance to the suite is via a corridor from the lift landing area.
The suite is arranged to provide a central general office with two offices off. There is a further general office or conference room which benefits from internal access as well as a secondary direct access from the communal parts. It extends to a total floor area of 112.78 sq m (1214 sq ft).
Work to refurbish the suite, to include recarpeting, redecoration and the installation of LED panel lighting has just been completed
The accommodation is available on an effectively full repairing and insuring standard form of lease for the building for a term of 6 years, inside the protection of Part II of The Landlord & Tenant Act 1954.
Rent to be reviewed in an upward only direction to market rent at the end of the 3rd year of the term.
The tenant will be able to break at the end of the second year of the term and annually thereafter upon at least six months’ notice.
The first month of the term will be rent free. A further one month rent free will be offered if the tenant doesn’t break the lease. This will only apply if a further full year is assured.
Rent £13,961 plus VAT per annum, based upon a rate of £11.50 plus VAT per sq ft per annum for the first three years of the term.
We understand that the suite has a rateable value of £12,750.
The property is registered for VAT and therefore VAT will be payable on rent and service charge.
Each party to bear their own legal costs in connection with the preparation and execution of the lease.
A service charge will be payable to enable the landlord to recover from the tenant a fair proportion of the costs of maintaining and managing the building and common areas.
The service charge will be capped for the first 3 years of the term at the rate of £6.50 per sq ft (£7,891) plus VAT per annum.
The suite has an EPC rating of C-61. A copy of the EPC certificate and recommendation report is available on request.
Strictly by appointment through Joint Agents YoungsRPS incorporating Stanton Mortimer or Knight Frank.