Property description
SITUATION
The property is situated on Coast Road in Benton. The A1058 Coast Road is the main road connecting Newcastle city centre and the North Tyneside Coast. It is also directly connect to the A189 Spine Road via Benton Road. Newcastle city centre is only a short drive from the premises and is well served by public transport and various bus routes.
Surround occupiers include Styles & Smiles hair salon, Aquanorth Diving Centre and Cock A Snook tattoo parlor.
DESCRIPTION
The premises is a mid terrace building in of traditional masonry construction over three storeys, providing retail space at ground floor and residential to the upper floors. The property benefits from good frontage facing out onto the busy Coast Road.
ACCOMMODATION
The property comprises:-
Ground floor
46.6m²
(501.6ft²)
TERMS
The property is available by way of a new fully repairing and insuring lease for a term of years to be negotiated at a rental of £7,000 (Seven Thousand Pounds) per annum.
RATING ASSESSMENT
Description
RV
Estimated Rates Payable
Shop & Premises
£4,700
£2,213.70
We are advised that the rateable value of the premises as at 1 April 2010 is £4,700 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 47.1p in the pound. However, interested parties should confirm the current position with the Local Authority.
As a new occupier rights of appeal may exist against this assessment.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
VIEWING
For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.
Property Features :
- Ground floor retail unit to let
- Total size 46.6m² (501.6ft²)
- Good position fronting busy road
- Prominent glass frontage
- EPC Rating G164