Retail Unit To Let on Wellington Street Gateshead
Arch 8, High Level Parade, Wellington Street, Gateshead, NE8 2AJ
607 sq ft Enquire NowRetail Unit To Let
Summary
- Situated on High Level Parade
- Size: 607 sq ft (56.39 sq m)
- Rent: £9,000 per annum
- Insurance Premium: £214 per annum
- Subject to Contract
Location
Gateshead forms part of the larger Newcastle conurbation and is situated on the south bank of the River Tyne. The Metropolitan Borough Council area has a population of approximately 200,000 and includes some of the major retail business locations such as Metrocentre and the Team Valley Trading Estate.
The property is situated on High Level Parade, Wellington Street, close by The High Level Bridge in Gateshead. It is a short walk away from the Tyne Bridge, Hilton Hotel and The Glasshouse and Gateshead Town Centre. Occupiers in the nearby vicinity include Tesco Supermarket, Vue Cinema, By the River Brew Co and various other local retailers. The retail parade is becoming a well established local retail parade housing tenants such as Axis Brewing Co, Microbus, Big Fat Donut Co, Mushu Tattoo, VIN and The Rested Ghoul Café which have increased footfall levels substantially.
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Mainline Stations
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Newcastle10 mins
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Manors10 mins
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Dunston34 mins
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Heworth43 mins
Underground Station
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Chesham4421 mins
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Amersham4463 mins
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Chalfont and Latimer4478 mins
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Broxbourne4478 mins
Further Information
Rent £9,000 per annum
Rates Payable £4,341.30 per sq ft
Service Charge n/a
Description
The subject property comprises a single glazed timber framed shop frontage benefitting from an internal security roller shutter, level concrete floor, roof and wall linings with single phase electricity supply. The ground floor retail unit offers a spacious sales area with WC facilities to the rear and benefits from good footfall levels, being close to the High Level Bridge. Pay and display car parking is also available on either Swinburne Street or at the Town Hall car park.
Terms
£9,000 per annum exclusive of VAT with terms to be agreed, subject to contract.
Available on The Arch Company’s standard tenancy agreement, typically 3 or 6 years subject to negotiation. All agreements will be granted outside Sections 24-28 of the Landlord & Tenant Act 1954 Part II. The Code of Practice on Commercial Leases in England & Wales strongly recommends that any tenant seeks professional advice before signing a business tenancy agreement. Other agreement types may be available.
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