Property description
SITUATION
The property is situated on the corner of Warwick Street and Dinsdale Place in Jesmond, which is a suburb of Newcastle upon Tyne less than one mile from Newcastle City Centre. The close surrounding area boasts several national car showrooms and dealerships.
The property is well located and has direct links to the A167 Central Motorway providing access to the south via the Tyne Bridge and A1(M) and the north via A1(M). The area is also well served by public transport being situated between Metro Stations and served by various bus routes.
DESCRIPTION
The property which is currently used as a bike showroom and dealership, has a partially glazed frontage and benefits from CCTV.
ACCOMMODATION
The accommodation comprises:
Ground floor showroom/display
423.52m²
(4,558.7ft²)
Ground floor offices/staffroom
90.48m²
(973.9ft²)
Ground floor repair/workshop
238.47m²
(2,566.8ft²)
First floor office/storage
93.23m²
(1,003.5ft²)
Total
845.70m²
(9,102.9ft²)
TERMS
The property is available by way of a new lease for a term of years to be negotiated at a rental offers in the region of £90,000 (Ninety Thousand Pounds) per annum.
RATING ASSESSMENT
Description
RV
Estimated Rates Payable
Car Showroom
£39,250
£18,486.75
We are advised that the rateable value of the premises as at 1 April 2010 is £39,250 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 :
- Showroom/retail premises to let
- Ground floor 752.47m² (8,099.4ft²)
- First floor / mezzanine 93.23m² (1,003.5ft²)
- Prominent corner position
- Awaiting EPC Rating