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 purposesLess
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.