Light industrial to let in Park View, Whitley Bay NE26

Location

The subject premises is located on Park View, Whitley Bay.

Park View is a principal shopping street within the Town Centre and in recent years has seen strong development of an artisan culture, with a diverse range of retail, social and business occupiers taking advantage of its popularity and the general resurgence of Whitley Bay.

Whitley Bay is a popular residential area with easy access to Newcastle City centre and the
neighbouring areas of Cullercoats and Tynemouth.

Extensive regeneration has occurred within the surrounding area particular the promenade and Spanish city.

Exact location shown on the attached plan.

Description

The property provides a self-contained, rear workshop / stores with a small amount of yard area with access onto Holly Avenue.

Constructed of brickwork walls, with several windows and timber lean to, truss roof with tiles over.

Internally the workshop offers an open area with an effective eaves height ranging from 2.5m – 3.7m.

Access to the rear is via timber doors and an internal manual roller shutter.

There is also pedestrian access to the side via a small yard area, which is included within the demise.

Accommodation

From onsite measurements the premises provide the following Area (gia):

Workshop / Stores 27.76 m2

total (gia) 27.76 M2
(290 sq ft)

Services

It is understood the property benefits from a single mains electric supply only.

(It is recommended that all interested parties contact the Local service providers to ensure that the services are operational).

Business rates

It is understood from the voa website the property will need to be re assessed upon occupation.

(All interested parties should contact the Local Authority to confirm these figures.)

Tenure

The property is available on new Fri lease, for a term of years to be agreed.

Rent

Our client is seeking a rent of £4,500 pa exc.

Incentives may be offered subject to lease term and covenant.

Rent bond

The landlord requires a 3 month rental bond, in addition to rent being paid 3 months in advance.

Energy performance certificate

D-84.

VAT

VAT will be chargeable at the prevailing rate.

Legal costs

The ingoing tenant will be responsible for the landlords’ reasonable legal costs in connection with any transaction.

Viewing

By prior appointment with Frew Pain & Partners, contact:

James E F Pain
Tel: Email:

June 2024