Retail premises to let in Fenkle Street, Newcastle Upon Tyne NE1
* Calls to this number will be recorded for quality, compliance and training purposes.
Property description
•Shop to Let
•Popular City Centre location
•Available December 2024 (possibly earlier, by agreement)
•Rent £15,650 per annum
Location
The subject property is situated in a central location of Newcastle City Centre, with immediate access from Westgate Road, via Cross Street. The property enjoys good visibility from Westgate Road and is within close proximity of Chinatown, The Gate Leisure Complex and Eldon Square Shopping Centre.
Surrounding occupiers include Tsang Foods Cash & Carry, Nudo Noodle House, Breadpoint, Native Skate and Mail Boxes Etc. Nearby Low Friar Street also supports a number of local occupiers
The property is well served by public transport links including bus, metro and train.
Description
The property comprises a ground floor retail shop unit with glazed timber framed frontage and benefits from external security shutters to the front.
There are shared W.C facilities and bin storage to internal communal service corridor immediately to the rear.
Internally, the property is currently fitted out for the current use as a hair salon, although alternative uses will be considered. The shop unit includes a private internal w.c
accommodation
Ground Floor
Front sales area59.23 sq m(638 sq ft)
Rear store23.03 sq m(248 sq ft)
TOTAL82.26 sq m(886 sq ft)
terms
Available on a new effectively full repairing and insuring lease for a term to be agreed. Common expenditure to the development will be recoverable via a service charge.
Rent £15,650 per annum exclusive.
Estimated annual service charge for 2024/25 is £2,821.23, including buildings insurance.
Outgoings
The property has a rateable value of £10,750 from 1 April 2023.
Tenants who qualify for Small Business Rates may be entitled to a reduction. However, interested parties should verify this figure and any rates payable with the Local Authority.
VAT
The property is registered for VAT and VAT will be chargeable on rent, insurance and service charge.
Legal costs
Each party to bear their own legal costs in connection with the preparation and execution of the lease.
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,
Viewing
Strictly by appointment with YoungsRPS (reference Michael Boaden Tel:
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
YoungsRPS, NE1 on +44 191 563 0289 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by YoungsRPS, and do not constitute property particulars. Please contact YoungsRPS for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.