Property photos
£39,000 pa
(£12.65/sq. ft. pa)
Retail premises to let
Grainger Street, Newcastle Upon Tyne NE13,083 sq. ft
Available immediately
Local area information
Property location
Nearby amenities
- Newcastle 0.2 miles
- Our Lady and St Anne's RC Primary School 0.4 miles
- Manors 0.4 miles
- St Paul's CofE Primary School 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- City Centre Retail Unit
- Ground Floor and Basement Unit
- Busy footfall towards Bigg Market
- 200 m from Central Station
- Benefits from alcohol premises licence.
- Nearby occupiers include Greggs, Slug & Lettuce, Savers and Unite Student
Location
The property is situated on Grainger Street, a popular destination and located in the Grainger Quarter of Newcastle, the main thoroughfare linking Newcastle Central Station and the prime retailing and business areas of both Northumberland Street and Grey Street. Other occupiers in the immediate vicinity include YoYo Noodle, Greggs, Cuban Cigar Club, Yates’s Bar as well as a number of office users and drinking establishments.
The property is also close to the new Newgate Street Shopping Centre (under redevelopment) which will comprise a £100m mixed-use scheme being developed on the site of the former Newgate Street shopping centre. The buildings have been demolished to make way for a 265-bed 4*hotel, with around 20,000 sq ft space for retail, restaurant and leisure uses on the basement and ground floor, with 575 student residences over 9 floors.
Accommodation
The property includes the following gross internal areas:
Ground Floor 172.24 sq m / 1,854 sq ft
Basement 114.08 sq m / 1,228 sq ft
Total 286.32 sq m ./ 3,082 sq ft
Terms
The premises are available by way of a new effectively full repairing and insuring lease at a rent of £39,000 per annum (exclusive). All other terms are to be agreed by negotiation
Rating assessment
The rating assessment currently appearing on the Valuation List is as follows:
2023 £29,000
The Small Business Rate for the year 20242025 is 49.9 pence in the pound.
Anti-money laundering
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.
Legal costs
Each party to bear their own legal costs incurred in the transaction.
Energy performance
An Energy Performance Certificate has been commissioned and will be available shortly.
VAT
All figures are exclusive of VAT where chargeable.
The property is situated on Grainger Street, a popular destination and located in the Grainger Quarter of Newcastle, the main thoroughfare linking Newcastle Central Station and the prime retailing and business areas of both Northumberland Street and Grey Street. Other occupiers in the immediate vicinity include YoYo Noodle, Greggs, Cuban Cigar Club, Yates’s Bar as well as a number of office users and drinking establishments.
The property is also close to the new Newgate Street Shopping Centre (under redevelopment) which will comprise a £100m mixed-use scheme being developed on the site of the former Newgate Street shopping centre. The buildings have been demolished to make way for a 265-bed 4*hotel, with around 20,000 sq ft space for retail, restaurant and leisure uses on the basement and ground floor, with 575 student residences over 9 floors.
Accommodation
The property includes the following gross internal areas:
Ground Floor 172.24 sq m / 1,854 sq ft
Basement 114.08 sq m / 1,228 sq ft
Total 286.32 sq m ./ 3,082 sq ft
Terms
The premises are available by way of a new effectively full repairing and insuring lease at a rent of £39,000 per annum (exclusive). All other terms are to be agreed by negotiation
Rating assessment
The rating assessment currently appearing on the Valuation List is as follows:
2023 £29,000
The Small Business Rate for the year 20242025 is 49.9 pence in the pound.
Anti-money laundering
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.
Legal costs
Each party to bear their own legal costs incurred in the transaction.
Energy performance
An Energy Performance Certificate has been commissioned and will be available shortly.
VAT
All figures are exclusive of VAT where chargeable.
More information
Listed by
George F White.
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - George F White.. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact George F White. for full details and further information.