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Unit 7 57 High Street, Felling, Gateshead, NE10 9LU

25,250 sq ft
Unit 7, Hollyhill Shopping Centre - Picture 1
Use Class

Use Class

E

Size

Size

25,250 sq ft

Rent pa

Rent pa

POA

Hollyhill Shopping Centre which was developed in 1990 comprises 17 retail units with first floor offices and storage arranged in three terraces and was previously anchored by a Kwik Save supermarket.

The former Kwik Save unit comprises a large detached retail shop with a loading bay access from the rear and main shop access from different parts of the building on the ground floor. The property is built in traditional brick and steel frame construction situated beneath a pitched concrete tiled roof.

Felling forms part of the commercial / administrative centre within the Tyne & Wear conurbation. The town is located on the southern shore of the River Tyne, 1.5 miles to the east of Gateshead and 3 miles to the south east of Newcastle upon Tyne. Felling has a population of approximately 35,000 persons which increases to 716,680 persons within a 6 mile radius. The town has excellent road communications by virtue of its location adjacent to the A184 linking the town with Sunderland, Gateshead and Newcastle city centres together with the A1M, A19 and in turn A1 trunk road. The region benefits from good rail communications being situated on the main London to Edinburgh intercity east coast lines, while Tyneside Airport is situated 5 miles to the north west of Newcastle city centre. Two deep water ports are available within the region to serve the European markets.

Accommodation

25,250 Sq.Ft

Areas
Sq.Ft
Sq.M
Ground Floor
15,865
1,473.85
Mezzanine
3,098
287.8
Basement
6,292
584.52

Financial

Lease Term

The property is to be let by way of Full Repairing and Insuring lease. Rental terms and lease length are flexible and can be negotiated.

Rates

We are verbally informed by the Local Rating Authority that the premises have been assessed for rating purposes as shown above.

Costs

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

Tenure

Leasehold

Rates

Rateable Year:
2014
Rateable Value:
£136,000.00
Rates payable:
£65,552.00
UBR:
48.2p/£

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.

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This was last updated on 23/05/2019