£29,500 pa

Leisure/hospitality to let

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£29,500 pa

£2,458 pcm

Leisure/hospitality to let

Ridley Place, Newcastle Upon Tyne NE1

Local area information

Property location

Nearby amenities

  • Christ Church CofE Primary School 0.4 miles
  • Royal Grammar School 0.4 miles
  • Manors 0.4 miles
  • Newcastle 0.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guides for Newcastle and Gateshead to find out more about the local area.

Features and description

  • Reduced rent and incentives available
  • Ground floor and basement unit with E Class consent.
  • Close proximity to Newcastle and Northumbria University, Haymarket Metro Station, and Northumberland Street.
  • Nearby occupiers include The Little Dumpling House, Zapatista, Subway, Dough Daze, Hays Travel, Wildes Hair and Virgin Money.
  • Rear Bin Store/Loading
Situation

The unit is situated centrally on Ridley Place which connects with the northern end of prime Northumberland Street and is in close proximity to both Newcastle and Northumbria Universities. Haymarket Metro Station is 150m west of the unit. Ridley Place has seen significant improvements due to council investment in 2023. Local businesses provided valuable input, resulting in the addition of murals, artwork, new paving, and enhancements to the public realm. Notably, a pocket park was created.

Accommodation

Arranged over ground floor and basement, with rear courtyard and bin stores.

Ground Floor Area
110 m2
1,184 ft2

Basement Area
72.5 m2
780 ft2

lease

The premises is available on a new effectively fully repairing and insuring lease at a commencing rent of £29,500 per annum exclusive for a term to be determined.

Business rates

Rateable Value
£25,250

2024/2025 ubr
£0.499

Estimated Rates Payable
£12,599

Estimated Rates Payable with Relief
£4,199

Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

Energy performance certificate

The premises has an EPC of B 47. Full certificates available on request.

Costs

Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.

For enquiries, viewing, and general information, please contact:
Pete Townsend
E:
M:

More information

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  1. Zoopla
  2. Commercial to let
  3. Tyne & Wear
  4. Newcastle upon Tyne
  5. Newcastle City Centre
  6. Ridley Place