Interested in this property? Call Mark Proudlove on +44 (0)113 388 4859 or Rebecca Heptonstall on +44(0)113 212 3500

Location

The premises occupy a prime position on the pedestrianised section of Grainger Street, in close proximity to the Greys Monument and the Monument Mall development.

Starbucks and Cath Kidston are adjacent to the unit with Reiss, The White Company, Vivienne Westwood, Hugo Boss, Carluccio's and Jamie’s Italian located close by.

Accommodation

The premises comprise the following approximate net internal floor areas:-

Demise Sq. ft. Sq. m.
Ground Floor Sales 585 54.4
First Floor Ancillary 520 48.3

The premises are arranged over ground and basement floors with dual shopper entrances from both Grainger Street and Central Arcade.

Rent

We are seeking rental offers in the order of £57,500 per annum, subject to the overall terms of the deal.

Tenure

SUBJECT TO SECURING VACANT POSSESSION, The unit is offered on a new 10 year fully repairing and insuring lease, subject to an upwards only rent review at the end of year 5.

Business Rates

From 1st April 2017, we understand that the unit is assessed at a Rateable Value of £53,500, with a rates payable estimate of £28,909.

Interested Interested parties should satisfy themselves as to the reassessment by making their own enquiries with the Rates Department at Newcastle City Council (0191 232 8520).

Service Charge

The current service charge for 2017 is £3,060.

EPC

Available on Request

Legal Costs

Each party to be responsible for their own legal and professional costs incurred in this transaction.

VAT

Unless otherwise stated, all prices/rents are quoted exclusive of VAT.