Property description
SITUATION
The property is situated on the corner of Benton Road and Coast Road in Benton. Benton Road is a main road that lies perpendicular to the A1058 Coast Road and the A189 spine 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 a corner position of traditional masonry construction over three storeys, providing retail space at ground floor and residential to the upper floors. The retail unit is split into 4 rooms with a kitchenette to the rear of the property, and boasts a large glass frontage facing Benton Road and Coast Road.
ACCOMMODATION
The property comprises:-
Ground floor
65.81m²
(708.36ft²)
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 £7,500 (Seven Thousand Five Hundred Pounds) per annum.
RATING ASSESSMENT
Description
RV
Estimated Rates Payable
Shop & Premises
£7,700
£3,626.70
We are advised that the rateable value of the premises as at 1 April 2010 is £7,700 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 65.81m² (708.36ft²)
- Good corner position fronting busy road
- Prominent glass frontage
- EPC Rating D78