26-28 Grey Street Newcastle Upon Tyne, NE1 6AE

£ 45,000 pa / 1,051 sq ft
26-28 Grey Street, Newcastle Upon Tyne - Picture 2024-05-21-15-19-56
Use Class

Use Class

E

Size

Size

1,051 sq ft

Rent pa

Rent pa

£45,000

The unit occupies a prominent spot on the historic and iconic business & leisure street of Grey Street in Newcastle, a prime city centre location that leads to both the Quayside to the south and Northumberland Street & Eldon Square Shopping Centre to the north.

The street is undergoing significant placemaking measures to pedestrianise and promote pavement trade from the leisure occupiers and benefits from multi storey car parking and metro stations nearby.

Adjacent to Cafe Mercy, other nearby occupiers include Sushi Me Rollin’, Pizza Punks, Las Iguanas, Zizzi, Leila Lily’s, Barluga and Grey Street Hotel. The City’s Theatre Royal is also in close proximity, together with a number of other established local leisure operators.

  • Prominent pitch on the iconic Grey Street

  • “E Class” consent allowing for a wide range of uses

  • Potential to incorporate first floor accommodation for additional space

  • Occupiers in the vicinity include; Café Mercy, Barluga, Sushi me Rollin’, Pizza Punks, Leila Lily’s and Grey Street Hotel to name a few.

Accommodation

1,051 Sq.Ft

Arranged over ground & basement, the premises comprise a ground floor shop unit with an office facility to the rear, which could also be used for storage or extended sales: *Additional space at first floor level may be available providing 116.1 M2 (1,249 ft2), currently with separate access, further detail upon request.

Areas
Sq.Ft
Sq.M
Ground Floor NIA
1,051
97.7
Basement Staff/Store
854
79.3

Financial

Lease Type

New Lease

Lease Term

A new Full Repairing & Insuring lease for a term to be agreed is available at £45,000 per annum exclusive for the ground and basement space. Details on application to include the first floor accommodation.

Rent

Subject to contract, rental offers are invited in the region of £45000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Costs

Each party is to be responsible for their own legal costs incurred with this transaction. Service charge?

Business Rates

Rateable Value £28,000 2023/2024 UBR £0.499 Estimated Rates Payable £13,972 Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

Rates

Rateable Year:
2023
Rateable Value:
£28,000.00
Rates payable:
£13,972.00
UBR:
49.9p/£

Sustainability

Energy Performance Certificate Information

The property has a Energy Performance rating of D. A copy of the EPC is available upon request.

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 29/05/2024