Property photos
Business
£80,000 pa
(£40.00/sq. ft. pa)
Retail premises to let
Retail World, Team Valley Trading Estate NE112,000 sq. ft
Available immediately
Local area information
Property location
Nearby amenities
- Joseph Swan Academy 0.6 miles
- Oakfield Infant School 0.8 miles
- Dunston 2 miles
- MetroCentre 3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Unfurnished
Location
The subject property is located within Team Valley Retail World in Gateshead. The property is situated within retail location within the established and popular Team Valley Trading Estate. The property benefits from being surrounded by local and national occupiers including TKMaxx, Costa Coffee, Asda Living, scs and Halfords.
Team Valley Retail World is situated in the south west of Team Valley Trading Estate, just 0.5 miles from junction 67 of the A1(M). There are bus stops within 0.2 miles of the property.
The property is 3 miles south west of Gateshead town centre, 6 miles north of Chester Le Street and 4 miles south east of intu Metro Centre.
Description
The subject property comprises a newly constructed retail premises which is arranged over ground floor and forms part of a terrace.
Internally the unit provides an open plan restaurant with bar area and ancillary takeaway. The unit is fully fit out with fully operational kitchen, seating for approximately 50+ covers and WC facilities.
Externally, there is an outdoor seating area and extensive car parking facilities.
The property benefits from an A3 licence (with ancillary takeaway use within use class A5 – excluding hot food takeaway delivery services) up to no more than 20% of the turnover. The property may be suitable for a variety of uses, subject to change of use.
Accommodation
Ground floor 186m² 2,000ft²
EPC rating
B44
Rating assessment
Description rv Estimated Rates Payable
Retail Warehouses and £56,000 £27,944
Premises
We are advised that the rateable value of the premises as at 1 April 2017 is £56,000 and we have estimated the actual rates payable for the current year above. This is based on the standard Small Business Rate of 49.9p in the pound. However, interested parties should confirm the current position with the Local Authority.
Terms
The property is available by way of assignment with terms to be agreed at £80,000 (Eighty Thousand Pounds) per annum. The lease is for a term of 10 years from February 2019 with a rent review in February 2024.
Offers are invited for premium for the goodwill and fixtures and fittings.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
Legal costs
Each party is to bear their own legal costs involved in the transaction.
Money laundering regulations
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
The subject property is located within Team Valley Retail World in Gateshead. The property is situated within retail location within the established and popular Team Valley Trading Estate. The property benefits from being surrounded by local and national occupiers including TKMaxx, Costa Coffee, Asda Living, scs and Halfords.
Team Valley Retail World is situated in the south west of Team Valley Trading Estate, just 0.5 miles from junction 67 of the A1(M). There are bus stops within 0.2 miles of the property.
The property is 3 miles south west of Gateshead town centre, 6 miles north of Chester Le Street and 4 miles south east of intu Metro Centre.
Description
The subject property comprises a newly constructed retail premises which is arranged over ground floor and forms part of a terrace.
Internally the unit provides an open plan restaurant with bar area and ancillary takeaway. The unit is fully fit out with fully operational kitchen, seating for approximately 50+ covers and WC facilities.
Externally, there is an outdoor seating area and extensive car parking facilities.
The property benefits from an A3 licence (with ancillary takeaway use within use class A5 – excluding hot food takeaway delivery services) up to no more than 20% of the turnover. The property may be suitable for a variety of uses, subject to change of use.
Accommodation
Ground floor 186m² 2,000ft²
EPC rating
B44
Rating assessment
Description rv Estimated Rates Payable
Retail Warehouses and £56,000 £27,944
Premises
We are advised that the rateable value of the premises as at 1 April 2017 is £56,000 and we have estimated the actual rates payable for the current year above. This is based on the standard Small Business Rate of 49.9p in the pound. However, interested parties should confirm the current position with the Local Authority.
Terms
The property is available by way of assignment with terms to be agreed at £80,000 (Eighty Thousand Pounds) per annum. The lease is for a term of 10 years from February 2019 with a rent review in February 2024.
Offers are invited for premium for the goodwill and fixtures and fittings.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
Legal costs
Each party is to bear their own legal costs involved in the transaction.
Money laundering regulations
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
More information
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