High Street Retail Property to Rent, 98-104, High Street, NE10 9LU - CBRE Commercial

Overview

To Let

The property is built over ground and first floor. The ground floor comprises of a large sales area, customer toilets and staff accommodation including kitchenette and toilets. The fist floor has a separate entrance located to the rear and comprises large storage space. Tenure The premises are available by way of an assignment of the existing lease expiring 24/03/2026, with an option to break on 24/03/2021. Alternatively, the premise are available by way of a sub-lease. Rent The current passing rent is £12,000, exclusive of all other outgoings. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £15,250.00 and the rates payable are £7,487.75 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
Less

Location Description

Felling is an area of Gateshead approximately 2 miles south east of the town centre, 11 miles west of Sunderland and 17 miles of Durham. The unit occupies a position of Felling High Street, adjacent to Heron. Directly opposite is a newly developed retail scheme with occupiers including ASDA, Greggs, Boots and Card Factory. The scheme also provides circa 200 car parking spaces.

Sizes and Measurements

Total Size

6,722sqft

Sales Area

3,496sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

3,496sqft

Status

Available

Available from

Now

First Floor

Details

Non-Sales

Size

3,226sqft

Status

Available

Available from

Immediately

Lease Information & Charges

Lease End

24/03/2026

Lease type

Assignment

For rent

£12,000/pa

UBR

49.1p

Rateable Value

£15,250.00

Business Rates

£7,487.75/pa

Floorplan

GOAD

Photos

IMAGE

Other properties in this area