Overview

TO LET

The property is brick built and is arranged over basement, ground and first floors. Ground Floor comprises a large sales area. The basement includes a strong room and the first floor provides facilities for staff including WCs and a staff room with kitchen. Tenure The property is currently held on an existing lease expiring 15/04/2028 with a tenant only break option on 16/04/2023. Rent The current rent passing is £65,000 per annum, exclusive of all other outgoings. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £80,500.00 and the rates payable are £39,686.50 pa. The UBR for 2018/2019 is 49.30p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

Jesmond is an affluent residential suburb located approximately 2 miles north of Newcastle-Upon-Tyne city centre. The surrounding residential area is popular with students and Osborne Road, the main thoroughfare through the suburb, has become an established leisure destination. Osborne road also provides easy access to the city centre as well as a connection to the A1(M) towards the south. The property is located on Acorn Road, Jesmond’s main retail street with other occupiers in the area including Tesco, Café Nero, Seasalt, Oliver Bonas and Boots.

Sizes and Measurements

Total Size

2,311sqft

Sales Area

1,399sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,399sqft

Status

Available

Available from

Now

Basement

Details

Non-Sales

Size

526sqft

Status

Available

Available from

Immediately

First Floor

Details

Non-Sales

Size

386sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

15/04/2028

Next Lease Break

16/04/2023

Lease type

Assignment

For rent

£65,000/pa

UBR

49.3p

Rateable Value

£80,500.00

Business Rates

£39,686.50/pa

Floorplan

GOAD

Photos

PIC

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