<iframe src="//www.googletagmanager.com/ns.html?id=GTM-P9BVPZL" height="0" width="0" style="display:none;visibility:hidden" ></iframe> High Street Retail Property to Rent, Nelson Street, , NE1 5AN - CBRE Commercial

Overview

LEASEHOLD AVAILABLE

The property is a ground floor only unit comprising a large sales area and customer toilets. Tenure The premises are available by way of an assignment of the existing lease expiring 15/05/2033. There is a tenant break option on 15/05/2023. Alternatively, the premises are available by way of a sub-lease until 15/05/2023. Rent The current passing rent is £60,000, exclusive of all other outgoings. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £47,750.00 and the rates payable are £23,445.25 pa. The UBR for 2019/2020 is 49.10p. 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 the pedestrianised Nelson Street in Newcastle city centre. The unit is directly adjacent to Grainger Market entrance, thus benefitting from a return frontage. The market houses numerous local traders and businesses. Opposite the store is an entrance to the Eldon Square Shopping Centre which boasts annual footfall of 37 million. In Addition, there are numerous high quality leisure occupiers in the immediate vicinity, with The Alchemist and Reds BBQ being directly opposite. National retailers in the vicinity include End Men’s Wear, Coral and Ladbrokes.

Sizes and Measurements

Total Size

1,073sqft

Sales Area

1,073sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

1,073sqft

Status

Available

Available from

Now

Lease Information & Charges

Lease End

15/05/2033

Next Lease Break

15/05/2023

Lease type

Assignment

For rent

£60,000/pa

UBR

49.1p

Rateable Value

£47,750.00

Business Rates

£23,445.25/pa

Floorplan

NELSON

Photos

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