About this property
The property forms part of the well established strong local shopping area serving the Low Fell suburb of Gateshead. The retail area straddles the A167 Durham Road which serves as the principal arterial route towards Gateshead town centre.
The shopping area offers an excellent range of national, multiple and local retailers centered around a Co-op supermarket. Other multiple retailers include Greggs, Boots, Savers and Costa. There are also a number of public houses and restaurants nearby.
The shopping area is served by two surface car parks on either side of Durham Road, behind the shops. There is also restricted on street car parking to the front of the property.
The premises comprise of a ground floor shop with ancillary basement accommodation within a four-storey modern infill development of brick construction with a pitched and slate roof. The upper floors are in office use.
The shop benefits from a modern aluminum shop front with external electronically operated roller shutter. The retail accommodation benefits from a suspended ceiling with integral lighting, tiled floor and slat paneling to the walls. There is also a customer changing room within the retail area. To the rear of the retail area is an office. The basement provides useful ancillary storage and staff toilet facilities.
The property would be suitable for a variety of retail uses. It also lies within a Conservation Area.
We have measured the property as providing the following net internal areas:
Retail area 67.88 sq m (731 sq ft)
Rear office 19.08 sq m (205 sq ft)
Basement storage 24.63 sq m (265 sq ft)
TOTAL 111.59 SQ M (1,201 SQ FT)
The property is available to let for a term of years to be agreed with provision for upward only rent review at the end of the third year of the term. The lease will be drawn on effectively a full repairing and insuring basis with a service charge operating.
The property is entered into the Rating List with a rateable value of £16,000.
Interested parties should make enquiries direct with the Local Authority to establish the actual rates payable.
The property is available to let at a rent of £17,500 per annum, exclusive of business rates and payable quarterly in advance. The property is registered for VAT and, therefore, VAT will be payable on the rent.
Strictly by appointment with the sole agency YoungsRPS.