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Description : 16 Mar, 2023
Features and Descriptions
•Ground floor retail unit to let
•Prominent Position
•Floor area 87 sq. M. (937 sq. Ft.)
•Recently renovated
•New double-glazed frontage with electric roller shutters
•Suitable for a variety of uses
•Excellent footfall and passing trade
•New flexible lease terms available
•Incentives available
Summary
The prises a ground floor retail unit, situated on the popular High Street East in Wallsend. Recently renovated with New double-glazed frontage with electric roller shutters. Excellent footfall and passing trade. The shop premise is suitable for a variety of uses and is now available on New Flexible lease terms. There is also an additional section attached to the rear of the unit which can be considered for leasing should a larger-sized unit be required.
Location
The retail unit is well located along High Street East, Wallsend. This property is located within easy reach of local amenities, major transport links, and schools. The property is located approximately 4.6 miles from Newcastle city centre.
modation / Rateable Value
The prises of main sales area, storage area, kitchenette, and WC facilities. NIA 87 m2 (937 sq. ft). The adopted rateable value is 9,600 as of 1st April 2017. Sourced from VOA. This will need to be checked by new tenant.
Lease Terms
Available by way of new lease terms, typically 5 years. This property is offered on an initial first year rent of £10,400 per annum. There is a stepped rent increase from £200 to £230 per week over 5 years. Stepped rent increments to be agreed with the tenant.
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