Retail premises to let in Market Street, Blyth NE24

Location

Blyth is a port town in South East Northumberland, located around 11 miles to the north east of Newcastle upon Tyne and 6 miles to the north of Whitley Bay. The town lies to the east of the A189 which gives access to the A1, A19 and Newcastle upon Tyne. The property is situated on Market Street in a central retailing location fronting onto the Market Square. Market Street is one of the main retailing locations in the town centre. Nearby occupiers include Savers, Iceland and Heron Foods.

Description

The property comprises a two storey mid-terraced building of traditional construction with brick walls and pitched tiled roof. Internally the ground floor comprises a sales area and the first floor comprises office space alongside a staff room and toilets.

Accommodation

The property provides the below net internal area;

Ground Floor 60.22 sq m / 648 sq ft
First Floor 60.10 sq m / 647 sq ft
Total 120.32 sq m / 1,295 sq ft

Terms

The premises are available by way of a new full repairing and insuring lease at a rent of £14,000 per annum (exclusive). All other terms are to be agreed by negotiation. The freehold interest in the property may be available. Details upon application.

Rating assessment

The rating assessment currently appearing on the Valuation List is as follows: -

2023 Rateable Value: £13,000

The Small Business rate multiplier for the year 2023/2024 is 49.9 pence in the pound.

Legal costs

Each party to bear their own legal costs incurred in the transaction.

EPC

An EPC has been commissioned and will be made available asap.

VAT

All figures quoted are exclusive of VAT where chargeable.

Anti-money laundering

In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.