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SHOP
NEWCASTLE UPON TYNE
Unit 5, The Collingwood Centre, Tynemouth, NE29 9QR
Retail Unit TO LET (3 MONTHS RENT FREE)
80.72 Sq m (869 Sq ft)
Location
The unit is located within the Collingwood Centre anchored by a 7,897 sq m (85,000 sq ft) Morrisons food store. Surrounding occupiers include Domino's, Betfred, Blockbuster, Sunlight Drycleaners and Indigo Sun.
The Collingwood Centre is located off Preston North Road, in the Preston Grange area of Tynemouth, situated in close proximity to the North Tyneside General Hospital. The centre acts as a busy neighbourhood shopping destination for the immediate catchment and surrounding districts.
Tynemouth is located on the north east coast, approximately 6 miles north east of Newcastle upon Tyne.
Description
The property is an attractive and modern build retail unit within an external parade fronting the centre’s car park, offering space for approximately 800 vehicles. Accommodation is spread over the ground floor only, and the unit benefits from roller-shutter security doors.
Internally the unit benefits from tiled floors, suspended ceilings, spot lighting accompanied by inset fluorescent lighting, kitchen facility, and WC.
Planning
The unit benefits from Class A1 planning permission.
Rating
We are verbally advised the 2010 Rateable Value for the unit is £16,500, the UBR for 2010/2011 being 40.7p.
Interested parties are advised to make their own enquiries to the Local Authority for verification purposes.
VAT
All figures quoted are exclusive of Value Added Tax which will be charged at the prevailing rate.
Accommodation
The unit comprises the following approximate floor areas:
| Sq m | Sq ft | |
|---|---|---|
| Ground Floor Sales | 69 | 743 |
| Ancillary | 11.72 | 126 |
| Total Accommodation | 80.72 | 869 |
Note: The above areas have been calculated on an approximate net internal basis and must be verified by the ingoing tenant.
Terms
The unit is available to let by way of a new full repairing and insuring lease for a term to be agreed, at a commencing rental of £20,000 per annum exclusive.
The initial annual service charge and building insurance will be in the region of £750 and £380 respectively.
An incentive equivalent to 3 months rent free is available subject to covenant status and length of lease, to be given as a reduced rent over the first year of the term.
Viewing
Strictly by appointment through sole agents.
Contact
