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26-28 Grey Street Newcastle Upon Tyne, NE1 6AE
Agents
AT Retail Ltd
Sarah Hart
Use Class
E
Size
1,051 sq ft
Rent pa
£45,000
Key Features
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.
Description
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.
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.
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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
Sustainability
Energy Performance Certificate
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