Retail to let in The Sidings, Tynemouth Station, North Shields, NE30

LOCATION
Tynemouth is a popular coastal town situated approximately 9 miles north-east of Newcastle upon Tyne. The town is home to a mix of both local and national operators which include Co-Op and Subway. Front Street, the main shopping and hospitality area of Tynemouth, has renowned local operators and is a very popular area with both locals and tourists.

There are a number of bus services serving the local area and into Newcastle City centre. Tynemouth also has its own Metro station with a regular train service. The subject property forms part of this station.

The subject property is located on the west platform of Tynemouth Metro Station.

DESCRIPTION
The property comprises a self contained unit set within a row of six terraced units. The unit is open plan with white painted plastered walls, a corrugated steel roof with windows overlooking the metro platform, LED strip lighting and a ceiling mounted centralised heater.

The property is accessed via a shared corridor which is gated and locked on an evening. There are shared WC facilities for The Sidings tenants only.

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

Ground 42.11sq m (453sq ft)

TERMS
The property is available to let by way of a new effectively full repairing and insuring via a service charge lease for a term of years to be agreed at a rent of £9,000 per annum exclusive of service charge and building insurance and payable quarterly in advance.

OUTGOINGS
The property is entered into the 2023 Rating List with a rateable value of £8,100.

Some prospective tenants may benefit from small business rates relief, however, interested parties should make enquiries direct with the Local Authority to establish the actual rates payable.

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

LEGAL COSTS
Each party to bear their own legal costs.

OTHER
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 YoungsRPS contact the Newcastle office on 0191 2610300 reference Stephanie Dixon or Cameron English.