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Marketed by
111 - 115 Grainger Street 111 - 115 Grainger Street, Newcastle Upon Tyne, NE1 5AE
Use Class
E
Size
1,450 - 2,459 sq ft
Rent pa
£65,000
Market Sector
High Street Scheme
Key Features
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.
Description
Suitable for Class E Restaurant Use
Location
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
1,450 - 2,459 Sq.Ft
Arranged over ground floor and basement.
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 £65000 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
Disclamier
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.
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