8 Regent Terrace, Gateshead, Tyne & Wear Ne8

8 REGENT TERRACE, GATESHEAD, TYNE & WEAR NE8 1LU Café/Office To Let LOCATION To the front of the building is a parking/seating area. There is also a small enclosed yard to the rear. The property is situated in Gateshead town centre, on Regent Terrace, opposite Gateshead Civic Centre. We understand the property has planning consent for use as a restaurant/café. The property may also be suitable for a variety Gateshead town centre has recently benefitted from the £150 of other uses, including office use, subject to all necessary million development of Trinity Square, which lies approximately consents including planning consent being obtained. 200 yards north of the subject property. Trinity Square provides 240,000 sq ft of new retail and leisure space, including a new ACCOMMODATION Tesco Extra superstore, 41 retail units and a 7 screen cinema complex, together with 750 car parking spaces and student The property provides the following net internal floor areas: accommodation. Ground floor Adjacent to the Trinity Square development is Gateshead Bus Servery/seating areas 43.41 sq m (467 sq ft) & Metro Interchange, which provides excellent public transport Store 11.32 sq m (122 sq ft) facilities to the surrounding area. Newcastle City centre is located approximately 1 mile to the north. First floor Three rooms totalling 41.65 sq m (448 sq ft) DESCRIPTION (former kitchen, meeting room and store) The subject property comprises a two-storey (plus attic) Grade Attic II Listed building of brick construction, under a slate covered Storage rooms 27.21 sq m (293 sq ft) pitched roof with a mix of single and double glazed windows. The property is situated within a Conservation Area. Basement Store 3.35 sq m (36 sq ft) Internally, the property has most recently been used as a café Male & Female w.c.’s and is presented in good condition. It comprises an open plan area to the ground floor, with plastered walls and ceilings, and Total 126.94 sq m (1366 sq ft) surface mounted lighting. The area is currently divided into a servery and seating area. To the rear of the ground floor is a TENURE store room. Customer toilets and additional storage have been The premises are available by way of an assignment of the created in the basement. current lease. The current lease is for a term of 10 years from 13 February 2015 at a rent of £12,000 per annum on a full To the first floor are three rooms, one of which has most recently repairing and insuring basis. been used as a kitchen, although the fittings have been removed. There are a further two storage rooms within the attic space. A new lease may also be available directly from the landlord. Shakespeare House 18 Shakespeare Street Newcastle upon Tyne NE1 6AQ tel (0191) 261 0300 fax (0191) 230 3113 e-mail [email protected] www.stantonmortimer.co.uk RENT VIEWING £12,000 per annum exclusive of business rates and payable Strictly by appointment with Stanton Mortimer (reference Michael quarterly in advance. Blake or Paul Fairlamb). The property is not registered for VAT and therefore VAT will LOCAL AUTHORITY not be payable on the rent. Gateshead MBC, Civic Centre, Regent Terrace, Gateshead, NE8 1HH (Tel: 0191 4333000). PREMIUM The property is available at nil premium. All figures quoted above are exclusive of VAT where chargeable. RATEABLE VALUE CODE OF PRACTICE FOR COMMERCIAL LEASES The property has a rateable value of £9,700 The Code of Practice for Commercial Leases in England and Wales recommends parties intending to enter into leases should seek Interested parties should verify this figure with the Local Authority. advice from professionals or lawyers at an early stage. The Code is available through professional institutions and trade associations LEGAL COSTS or through the website, www.commercialleasecodeew.co.uk The ingoing tenant is to pay a contribution towards the landlord’s proper legal costs. Particulars Prepared 04/16 Not to Scale. For identification purposes only Stanton Mortimer Limited, trading as Stanton Mortimer Property Consultants, registered in England no: 5346678. Registered office 1A Meal Market, Hexham, Northumberland, NE46 1NF STANTON MORTIMER LIMITED (and their joint agents, if appropriate) for themselves and for the Vendor/Lessor of this property for whom they act give notice that: 1.The information contained in these particulars is intended as a general outline only for the guidance of intending purchasers or tenants and neither Stanton Mortimer Limited (nor their joint agents, if appropriate) nor the Vendor/Lessor on whose behalf these particulars are provided, accept any responsibility for any inaccuracies the particulars may contain and prospective purchasers or tenants must not rely on them as statements of fact or representations and must satisfy themselves by inspection or otherwise as to their accuracy. 2. All Floor areas and measurements are approximate. 3. These particulars do not form part of any offer or contract. They contain in some instances, statements of opinion, or we have relied upon information provided by others. The information should be verified by you on inspection or your solicitor. 4. Neither Stanton Mortimer Limited (nor their joint agents, if appropriate), nor any of their employees has any authority, either orally or in writing to make or give or imply any representations or warranty in relation to the property..

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