Retail premises to let in Clayton Street, Newcastle Upon Tyne NE1

Retail unit in prominent city centre location. Suitable for a variety of retail users.

Location
The property occupies a prominent location on Clayton Street, in the heart of Newcastle City Centre situated directly opposite Tesco Express and Eldon Square Shopping Centre. Adjoining occupiers to the property are Greggs and Shoe Zone.

Clayton Street is a popular thoroughfare connecting the nearby Gate development, Eldon Square Shopping Centre and Grainger Market. Monument Metro Station is located a short walk away.

On street parking is available nearby with further parking available at the Gate multi-storey car park.

Description
The property is a mid-terraced retail unit forming part of an attractive stone built Grade I Listed parade. It has a single glazed timber framed frontage with recessed double doors and level access. Internally, the property is arranged over ground floor and basement It is presented in shell condition ready for tenant fit out.

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

Ground Floor
Retail area64.88 sq m(698 sq ft)
Basement
Storage 64.13 sq m(690 sq ft)

TOTAL129.01 sq m(1388 sq ft)

outgoings
The property is entered into the 2023 Rating List with a rateable value of £23,750.

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 is to bear their own legal costs.

Other

Tenure

The property is available to let for a term of years to be agreed on a fully repairing and insuring lease.

Rent

The property is available to let at a rent of £36,000 per annum, exclusive of business rates and payable quarterly in advance.

Local authority

Newcastle City Council, Civic Centre, Barras Bridge,
Newcastle Upon Tyne, Tel:

Energy performance certificate

The property is currently being assessed for an EPC.

A copy of the EPC and recommendation report will be 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.

Viewing
Strictly by appointment with the sole agents, YoungsRPS.

Stephanie Dixon
Email:
Mobile: Or

Cameron English
Email:
Mobile: