Unit 18 Chevy Chase, Eldon Square, Newcastle upon Tyne, NE16 5EP

The rent payable will be the greater of a percentage of gross turnover (less VAT) or the Base Rent. The Base Rent is fixed at 80% of the full rental value (FRV) of the premises. The turnover percentage will vary upon use and profit margins and
will be subject to negotiation with the individual tenants concerned.

Location

Eldon Square is Newcastle’s principal Shopping Centre and provides 961,000 sq ft of retail accommodation. Twenty
Five million people pass through the busy malls every year. The first and second phases of re-development are now
underway with the third and major phase due to commence later this year. These developments will ensure that Eldon
Square improves on its premier status. This unit is part of Scheme 2, which will include a new mall beneath Chevy Chase linking Old Eldon Square with the new Bus Interchange facing Haymarket. This mall to be known as St George’s Way will be anchored by Waitrose and Argos. JLP and Boots will also have important entrances off the new mall.

The premises will be highly prominent and will directly face the atrium escalators linking directly with St George’s Way and with the existing mall towards Northumberland Street in a prime position. Tie Rack will occupy the adjoining kiosk and other retailers close by. A goad plan attached identifies this new location.

Accommodation

The premises will be completed to a developer’s shell specification and will provide the following approximate areas and dimensions:-
Internal Width: 2.40m/ 7’11”
Shop Depth: 5.07m/ 16’08”
Ground Floor:  27.45m²/ 295 sq ft
Plans and a specification are available on request.

Terms

The Landlord accepts the principles of the Code of Practice for Commercial Leases in England and Wales. Alternative lease
terms are available on request. The premises are available on a new 15 year full repairing and insuring lease incorporating 5 yearly upward only rent reviews on a standard Eldon Square turnover based lease.