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Property Listing Details

Property details

  • Floor area 1,214 sq. ft

Listing view statistics

Last 30 days: 22 page views

Since listed: 382 page views

Description

Superb Central location. Rent only £11.50 per sq ft per annum exclusive. Flexible lease terms with Tenant Break Options. Incentives

Location
*Superb Central location
*Rent only £11.50 per sq ft per annum exclusive
*Flexible lease terms with Tenant Break Options
*Incentives
*Newly Refurbished Suite

Shakespeare House is situated opposite the Theatre Royal in the heart of Newcastle’s traditional prime office core, close to Grey Street and benefits from ease of access to the Metro at Monument and is a two minute drive from the Central Motorway, A167(M).

Newcastle’s prime retail areas of Northumberland Street and Intu Eldon Square Shopping Centre are only a few minutes’ walk and Central Station can be reached within a 10 minute walk. There are a number of surface and multi-storey car parks close to the property.

Description
Shakespeare House has been comprehensively refurbished and modernised to provide high quality city centre office accommodation on three upper floors. The offices benefit from the following specification:

•Fully carpeted throughout
•Security entry system and CCTV
•Eight person passenger lift
•Three compartmental floor trunking
•Gas fired central heating via perimeter radiators
•Kitchen and w.c. Facilities are located within the common areas of the building on each floor
•Shower facilities
•Onsite cycle storage
•Double glazing throughout
•Good natural daylighting
•dda compliant

Other occupiers of Shakespeare House include: Cbi, YoungsRPS (Property Consultants), Christie & Co (Business Transfer Agents), Protocol Education Limited (Education Recruitment Agents), CK21 (Structural/Civil Engineers) and Charles Taylor General Adjusting Services.

Accommodation
This suite is situated on the first floor of the building, with views to the south and east on to Pilgrim Street and High Bridge. The entrance to the suite is via a corridor from the lift landing area.

The suite is arranged to provide a central general office with two offices off. There is a further general office or conference room which benefits from internal access as well as a secondary direct access from the communal parts. It extends to a total floor area of 112.78 sq m (1214 sq ft).

Work to refurbish the suite, to include recarpeting, redecoration and the installation of LED panel lighting has just been completed

terms
The accommodation is available on an effectively full repairing and insuring standard form of lease for the building for a term of 6 years, inside the protection of Part II of The Landlord & Tenant Act 1954.

Rent to be reviewed in an upward only direction to market rent at the end of the 3rd year of the term.

The tenant will be able to break at the end of the second year of the term and annually thereafter upon at least six months’ notice.

The first month of the term will be rent free. A further one month rent free will be offered if the tenant doesn’t break the lease. This will only apply if a further full year is assured.

Rent £13,961 plus VAT per annum, based upon a rate of £11.50 plus VAT per sq ft per annum for the first three years of the term.

Outgoings
We understand that the suite has a rateable value of £12,750.

VAT
The property is registered for VAT and therefore VAT will be payable on rent and service charge.

Legal costs
Each party to bear their own legal costs in connection with the preparation and execution of the lease.

Service charge
A service charge will be payable to enable the landlord to recover from the tenant a fair proportion of the costs of maintaining and managing the building and common areas.

The service charge will be capped for the first 3 years of the term at the rate of £5.50 per sq ft (£6,677) plus VAT per annum.

Other
The suite has an EPC rating of c-61. A copy of the EPC certificate and recommendation report is available on request.

Viewing
Strictly by appointment through Joint Agents YoungsRPS incorporating Stanton Mortimer or Knight Frank.

Map & Nearby

Local Amenities

  • Newcastle 0.3 miles
  • Manors 0.3 miles
  • Christ Church CofE Primary School 0.5 miles
  • Our Lady and St Anne's RC Primary School 0.6 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Newcastle 0.3 miles
  • Manors 0.3 miles
  • Christ Church CofE Primary School 0.5 miles
  • Our Lady and St Anne's RC Primary School 0.6 miles
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Property descriptions and related information displayed on this page are marketing materials provided by YoungsRPS. 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 YoungsRPS for full details and further information.