Member Article

Retail Unit To Let in Monkseaton

LOCATION

Situated on a local parade of shops on a busy road which runs to and from Monkseaton and Whitley Bay. Monkseaton is a popular residential area with the majority of homes being privately owned and rented.

Monkseaton is approximately 12 miles from Newcastle City Centre and 5 miles from the Tyne Tunnel.

DESCRIPTION

A mid terraced ground floor shop premises with a glazed frontage and recessed entrance. The main retail area is approximately 40m2(430sqft). To the rear is a kitchen area with a door leading to the enclosed rear yard, garage and w.c.

As the property was previously used as a clothing retailer there is a partitioned space which was a changing area within the main sales area. This could be removed fairly simply to open out the space.

The property would be suitable for a wide variety of retail uses. Other uses may be permissible subject to planning permission.

TENURE

Leasehold. The property is to be offered with the benefit of a new lease the terms of which to be negotiated. Commencing Rent £9,000pax

RATEABLE VALUE

The current RV is £3,400 according to a search on the VOA website (www.voa.co.uk).

LEGAL COSTS

Each party will bear their own legal costs.

FIXTURES & FITTINGS

We are advised by our client that all of the trade fixtures and fittings are owned outright (unless stated otherwise) and will therefore be included in the sale subject to inventory where applicable.

VAT

All figures stated are exclusive of VAT unless otherwise stated. VAT may be applicable.

COMMERCIAL FINANCE

The commercial market is a challenging environment and getting the right commercial finance package can be a challenge. We have working relationships with many lenders including high street banks and specialist lenders.

Call 0191 280 3285 for more details

REF:RCL 188

This was posted in Bdaily's Members' News section by Jason Roberts .