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Property Listing Details

Property details

  • Floor area 6,781 sq. ft

Features

  • Available from 25th Feb 2020
  • Unfurnished
  • New Roadside Retail Unit
  • Located Within an Affluent Suburb
  • Purpose Built Retail Warehouse Accommodation
  • Adjacent to new 23,423 sq ft lidl Supermarket

Listing view statistics

Last 30 days: 27 page views

Since listed: 54 page views

Description

Location / situation

Newcastle is a regional retail destination for the North East of England and pulls from a wide geographical area. There are over 2.2 million persons living within a 45-minute drive, with a annual retail spend of £8 billion. The site sits 2.5 miles north of the city centre in the affluent suburb of Gosforth on the A191, serving as a commuter route into and out of Newcastle city centre, and onto other suburbs such as Gosforth, Benton, Longbenton, and Forest Hall. Along with this it is also well connected with public transport, with Longbenton and South Gosforth Metro Stations each a 10-minute walk, and also being serviced by a comprehensive bus service opposite the site connecting the greater areas of the North East.
Nearby notable retailers include Sainsburys Local, Majestic Wines, Sue Ryder, and Magnet Kitchens and most notably adjacent to a new Lidl Store. Once completed the two units will share 105 car parking spaces.
Accommodation

Following completion of the works in spring 2019, the unit will provide a gia of 6,781 sqft / 630 sqm of open A1 consent. The unit consists of a highly prominent unit providing full height retail space provided to a standard developer's shell specification, further details upon request.
Tenure

The premises will be available by way of a 10-year sub-lease from Lidl. This is to be drafted on an effectively Full Repairing and Insuring basis via a service charge, at a quoting rent of £15.00 psf equating to approximately £101,715 per annum excl. The premises is not capable of further sub-division.
Rating assessment

The property will be assessed by the local authority following completion of the development and occupation. Interested parties should make their own enquiries as subject to individual circumstances the actual amount payable may vary.
Service charge

There will be a service charge payable to cover the upkeep of the building and communal areas including the car park and loading facilities. Further information available from the agents listed below.
Legal costs

Each party to be responsible for their own legal costs incurred in connection with any transaction.
Energy performance certificate

Available upon request following completion of the development.
Viewing

Strictly by appointment with @retail:
Pete Townsend
Or
alternatively our Joint Agent:Connect Property

Floorplan

Map & Nearby

Local Amenities

  • Manors 2.5 miles
  • Newcastle 2.9 miles
  • St Mary's Catholic School 0.1 miles
  • TLG Newcastle 0.3 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Manors 2.5 miles
  • Newcastle 2.9 miles
  • St Mary's Catholic School 0.1 miles
  • TLG Newcastle 0.3 miles
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Property descriptions and related information displayed on this page are marketing materials provided by @retail. 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 @retail for full details and further information.