111 - 115 Grainger Street 111 - 115 Grainger Street, Newcastle Upon Tyne, NE1 5AE

£ 60,000 pa / 1,067 - 1,661 sq ft
111 - 115 Grainger Street, Newcastle Upon Tyne - Picture 2024-05-15-10-00-26
Use Class

Use Class

E

Size

Size

1,067 - 1,661 sq ft

Rent pa

Rent pa

£60,000

Suitable for Class E Restaurant Use

  • Landlord will provide a route for suitable extraction ducting from basement kitchen facilities

  • Close proximity to public transport facilities including Metro and Bus Routes

  • Nearby occupies include Cote, TJ Hughes, Café Andaluz, Start Fitness and Black Sheep Coffee.

The property is situated in a busy location on Grainger Street, one of the main City Centre thoroughfares between Newcastle Central Station and Grey’s Monument with Northumberland Street and the Eldon Square Shopping Centre close by.

Key Information

Viewing

Strictly by appointment.

Legal

The Money Laundering Regulations 2017 place a legal obligation on the agents to identify a proposed purchaser once the sale has been agreed and prior to instructing solicitors. Confirmation of the source of the purchaser's funds will also be required.

Accommodation

1,067 - 1,661 Sq.Ft

Arranged over ground floor and basement.

Dimensions
Feet
Metres
Gross Frontage
38
11.6
Internal Width
36
11.13
Areas
Sq.Ft
Sq.M
Ground Floor Sales
1,067
99.1
Basement
594
55.2

Financial

Lease Type

New Lease

Lease Term

A new effective Full Repairing & Insuring lease for a term to be agreed and subject to 5 yearly rent reviews.

Rent

Subject to contract, rental offers are invited in the region of £60000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Rates

The premises are undergoing reconfiguration and as such the Rateable Value will be re-assessed on completion of the building works. Interested parties are advised to make their own enquiries to the Local Authority.

Costs

Each party is responsible for their own legal and other professional costs incurred in the transaction.

Service charge

A Service Charge will be payable as a contribution towards the cost of repairs and maintenance of the building. An estimate of the cost can be provided upon request.

Tenure

Leasehold

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

All data ©2024 Completely Property Technology Limited

This was last updated on 22/05/2024