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NEWCASTLE UPON TYNE
Unit 25, Killingworth Centre, Killingworth, Tyne & Wear, NE12 6YT
Retail Unit TO LET (3 MONTHS RENT FREE)
113.12 Sq m (1,218 Sq ft)
Location
The unit is situated in a prime location within the Killingworth Centre, which provides the retail focus for the town. The centre is anchored by a 7,897 sq m (85,000 sq ft) Morrisons food store with other notable retailers including Wilkinson, Peacocks, Thomas Cook, Matalan, Thorntons, Birthdays and Ladbrokes amongst others.
The centre has the benefit of 1,200 free car parking spaces, and also incorporates a covered bus station, stand alone McDonalds and KFC restaurants, and a medical centre.
The new town of Killingworth is situated 5 miles to the north of Newcastle city centre.
Description
The unit comprises premises arranged over ground floor only, laid out to provide sales area with staff area and stock room to the rear. The unit also benefits from access to a rear service corridor leading to the common service yard.
Planning
The unit benefits from Class A1 planning permission.
Rating
We are verbally advised the 2010 Rateable Value for the unit is £20,750, the UBR for 2010/2011 being 41.4p.
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 | 113.12 | 1,218 |
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 £26,000 per annum exclusive.
The initial annual service charge and building insurance will be in the region of £2,300 and £1,275 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
