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38 Grainger Street 38 Grainger Street, Newcastle Upon Tyne, NE1 5JG
Use Class
E
Size
2,160 - 3,210 sq ft
Rent pa
£43,000
Market Sector
Retail & Shopping Park
Key Features
The premise benefits from an Off Licence, which permits the sale of alcohol for consumption off the premises.
Close to Newcastle Central Station, core retail, Maldron Hotel, St James’ Park, and the late-night leisure pitch.
“E Class” consent allowing for a wide range of uses. Other uses subject to consents.
Prominent retailers and F&B operators in the vicinity include; Slug & Lettuce, McDonalds, JD Wetherspoons, Greggs, Wendys, Creams Cafe and Dakwala Bombay Canteen to name a few.
Description
Prominent City Centre Location with Strong Footfall.
Location
The unit occupies a prominent position on Grainger Street in Newcastle City Centre, one of the main thoroughfares linking Newcastle Central Station with Grey’s Monument. The location benefits from a strong mix of retail and leisure uses and is close to both student and private accommodation serving the city’s 40,000 – 50,000 student population. It is also near the Maldron Hotel and within easy reach of St James’ Park Stadium.
Nearby occupiers include Slug & Lettuce, McDonald’s, Greggs, JD Wetherspoon, Wendy’s and Dakwala Bombay Canteen.
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
2,160 - 3,210 Sq.Ft
Currently arranged over ground and basement.
Financial
Lease Type
New Lease
Rent
Subject to contract, rental offers are invited in the region of £43000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.
Rates
We are verbally informed by the Local Rating Authority that the premises have been assessed for rating purposes as shown. 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.
Tenure
Leasehold
Rates
Sustainability
Energy Performance Certificate
Disclaimer
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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