The premises occupy the ground and basement floor of a four-storey building. The ground floor comprises a main sales area, staff accommodation, customer toilets and storage space. The basement provides additional large storage. Tenure The premises are available by way of an assignment of the existing lease expiring 28/07/2022. Alternatively, the premises are available by way of a sub-lease. Rent The current passing rent is £22,500, exclusive of all other outgoings. Rates We understand from the VOA website that the current Rateable Value of the shop is £21,000 and the rates payable are £10,311 pa. The UBR for 2019/2020 is 49.1p. Interested parties are advised to make their own enquiries with the Local Authority for verification purposesLess
Newcastle benefits from excellent road communications with Junction 65 of the A1(M) situated approximately 9 miles to the south of the city. Rail links are good with direct services to London to the south and Edinburgh to the north. The city also benefits from its own airport and metro systems. The property occupies a position on Ridley Place, a short distance from Northumberland Street. Ridley Place benefits from having on street parking directly outside the unit. The street comprises a mix of local and national occupiers including Subway.
Sizes and Measurements
DetailsRetail Ground Floor
Lease Information & Charges
- Shopping Centre