Overview

LEASEHOLD AVAILABLE

The demise has a large, glazed frontage and is arranged over ground floor and basement of Pearl Assurance House, close to the corner of Northumberland Street and New Bridge Street. The ground floor comprises a large main sales area, interview rooms with ancillary staff areas. The basement comprises male and female WCs, a staff room with kitchen facilities, plant room and further storage. Tenure The property is held on an existing lease expiring 03/02/2024. Rent The current passing rent is £115,000 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 £123,000.00 and the rates payable are £61,992.00 pa. The UBR for 2019/2020 is 50.40p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposes
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Location Description

The property is located on New Bridge Street in central Newcastle upon Tyne, within 100 metres of prime Northumberland Street. The property is immediately opposite the new leisure attraction, 'The Stack', which has helped strengthen the pitch and increase dwell time in the vicinity. Major bus routes supply both Pilgrim Street and New Bridge Street with bus stops directly outside the subject property. Occupiers on New Bridge Street include Nationwide and Five Guys while other occupiers in the vicinity include North Face and TK Maxx.

Sizes and Measurements

Total Size

8,415sqft

Sales Area

5,761sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

5,761sqft

Status

Available

Available from

Now

Basement

Details

Non-Sales

Size

2,654sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

03/02/2024

Lease type

Assignment

For rent

£115,000/pa

UBR

50.4p

Rateable Value

£123,000.00

Business Rates

£61,992/pa

Floorplan

NEWCASTLE

Photos

IMG_2216