£50,000 pa

Leisure/hospitality to let

  1. Property photo 1 of 1.

£50,000 pa

£4,167 pcm

Leisure/hospitality to let

The Square, Front Street, Whickham, Newcastle Upon Tyne NE16

Local area information

Property location

Nearby amenities

  • Front Street Community Primary School 0.2 miles
  • St Mary's Roman Catholic Primary School 0.3 miles
  • MetroCentre 1 mile
  • Dunston 1.4 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Large Retail Unit suitable for a variety of uses offering circa 7000 sq ft gia.
  • Situated prominently on the primary thoroughfare in Whickham, Front Street.
  • Leasehold or Freehold available.
  • Ample public parking and loading to the rear.
  • Nearby occupiers include Tesco Express, Heron Foods, Greggs & other well-established and local brands.
Situation

The Unit is prominently positioned on Front Street, the primary thoroughfare in Whickham, a sought-after suburb of Gateshead. Conveniently situated 5 miles southwest of Newcastle Upon Tyne and just 2.4 miles south of the Metro Centre. This location benefits from being in the proximity of numerous well-established brands, including Tesco Express, Heron Foods, Greggs & more. To the rear are good loading facilities and ample parking options including pay & display at the rear.

Accomodation

The Unit is arranged over a spacious open Ground Floor providing:

Ground Floor Sales
651.52 m2
7,013 ft2

lease terms

Subject to gaining vacant possession a new Full Repairing & Insuring lease for a term to be agreed, with an initial rent of £50,000 per annum exclusive.

Alternatively, subject to gaining vacant possession the freehold sale of the building will be considered from offers over £500,000 exclusive.

EPC

The property has a Energy Performance Certificate of C(75) A copy of the EPC is available upon request.

Business rates

Rateable Value
£48,250

2024/2025 ubr
£0.499

Estimated Rates Payable
£24,076.25

Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

costs

Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.

Viewing
For enquiries, viewing, and general information, please contact:

Ian Thurlbeck

E:

M: Oliver Sunderland

E:

M:

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  1. Zoopla
  2. Commercial to let
  3. Tyne & Wear
  4. Newcastle upon Tyne
  5. Whickham
  6. Front Street
  7. The Square