Office to let in Shakespeare Street, Newcastle Upon Tyne, NE1

LOCATION
Shakespeare House is situated opposite the Theatre Royal in the heart of Newcastle’s traditional prime office core, close to Grey Street and the newly developed Bank House on Pilgrim Street. It 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 is on street parking and a number of multi-storey car parks nearby.

DESCRIPTION
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 daylight
• DDA compliant

Other occupiers of Shakespeare House include: Confederation of British Industry, Christie & Co (Business Transfer Agents), Protocol Education Limited (Education Recruitment Agents), CK21 (Structural/Civil Engineers), Todd Milburn Partnership (Quantity Surveyors) and Kelburn Recruitment Limited.

ACCOMMODATION
The accommodation currently available is as follows:

Suite 1 First Floor - 747 sq ft
Suite 3 Second Floor - 1177 sq ft
Suite 1 Third floor - 778 sq ft

TERMS
Each office suite 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.

Rents are as follows:

Suite 1 First Floor - £10085
Suite 3 Second Floor - £15890
Suite 1 Third floor - £10503

OUTGOINGS
Rateable values are as follows:

Suite 1 First Floor - £8100
Suite 3 Second Floor - £10250
Suite 1 Third floor - £8800

VAT
VAT is payable on all rent and service charge

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

SERVICE CHARGE
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. A proportion of the building insurance premium is recovered separately from the service charge.

The service charge will be capped for the first 3 years of the term at the rate of £7.00 per sq ft plus VAT per annum for the first year, with RPI linked increases for the second and third years of the term.

OTHER
ENERGY PERFORMANCE CERTIFICATE

The offices are rated C-75.

A copy of the EPC 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 through Joint Agents YoungsRPS or Knight Frank