The unit comprises a ground floor retail unit.
Location
North Shields is situated a short distance away from the vibrant city of Newcastle Upon Tyne, which boasts a thriving economic landscape that is ripe for investment and growth. The strategically positioned coastal town of North Shields has experienced remarkable expansion in industry and commerce in recent years.
Newcastle Quays Retail Park is located just North of the Tyne Tunnel comprising of 50 retail units with 131,766 sq. ft of retail accommodation and 750 car parking spaces. It is easily accessible from both sides of the river and is within a 10 minute walk from both Percy Main & Howden Metro Stations.
The retail park is home to national operators including Next, Costa Coffee, Poundland, Dreams, Mountain Warehouse, Cardzone and Subway.
Accommodation
Approximate net internal floor areas:
Ground Floor - 4,667 sq ft (433.58 sq m)
Terms
Lease - The property is available by way a new effectively full repairing and insuring lease for a term to be agreed.
Rental - Upon application. Rent is exclusive of service charge, insurance, utilities, business rates and VAT.
Business Rates - We are electronically advised by the VOA that the property is assessed as follows:
Rateable Value - £44,000
Rates Payable (2024/2025) - £21,956
Service Charge & Buildings Insurance - Service Charge payable for the year 2024 is approximately £18,714 per annum.
Insurance per annum plus VAT - TBC
Energy Performance Certificate - A copy of the EPC Certificate is available upon request.
Costs - All figures quoted are exclusive of VAT where applicable.