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

Key Points

Description

The subject property comprises a ground floor retail unit with kitchen and WC facilities. The unit forms part of Eldon Garden Shopping Centre which extends to circa 70,000 sq ft and is anchored by Pure Gym and Tesco Express. The retail unit is situated in a prominent position on Percy Street with excellent visibility due to the double frontage nature of the building. Internally the premises is in a good state of repair and has been well maintained throughout and was formerly occupied by a hair salon.

Location

Newcastle upon Tyne is located in the north east of England and has an urban population of some 190,000 persons. Newcastle is principally accessed via the A1, A19 and A69. Newcastle Airport, 7 miles north west of the city centre, provides international and domestic services. Sunderland is located 14 miles to the south east, South Shields 14 miles to the east and Carlisle 58 miles to the west.

The subject property is situated on the north west side of Percy Street in Newcastle City Centre. The location presents a prominent retail pitch and sits directly opposite the Haymarket Bus Station. Haymarket and St James’ Metro Stations are all within close proximity to the subject property along with Newcastle University nearby which houses circa 21,000 students annually. Eldon Garden Multi Storey Car Park sits directly above the unit with access adjacent and Eldon Square Multi Storey is also positioned opposite providing adequate parking facilities.

The subject property forms part of Eldon Garden Shopping Centre which provides a direct route through to the adjacent shopping centre known as Eldon Square. Nearby and surrounding occupiers include Tesco Express, Pure Gym, The Three Bulls, Marks & Spencer and Next amongst numerous other local, regional and national operators.

Terms

The property is available by way of an effective Full Repairing and Insuring lease for a term of years to be agreed at an asking rent of £16,000 (Sixteen Thousand Pounds) per annum exclusive of VAT, subject to contract.