Retail Unit To Let In Gateshead For Sale

Business description

• Up to 1,688 sq.ft. (155 sq.m) net area
• Sales Shop 883 sq.ft. (82.1 sq.m)
• Former Off Licence
• Attractive stone built property
• Very busy main road location
• Asking Rent £22,000 per annum

Property information

Property:

Leasehold

Lease terms:

The property is available on a new fully repairing and insuring lease for a minimum term of 3 years. Stepped rental; Year 1 £22,000 per annum, Year 2 £25,000 per annum, Year 3 £28,000 per annum.

Leasehold rent:

£22,000 per annum

Location:

This former off licence is located on the main A167 route running through Low Fell just to the south of the main shopping district. Low Fell is a sought after suburb of Gateshead and local commercial occupiers include Lloyds TSB, Barclays Bank and Co-op Foodstore together with a healthy mix pubs, restaurants and independent retailers. The unit occupies a large site and there are extremely high levels of passing traffic with the added benefit of pull in parking nearby.

Premises details:

Comprising the ground floor of an impressive stone built property.

Size in square feet:

1,668