Prime Retail Property in Main Shopping Thoroughfare

PRIMEPRIME RETAIL RETAIL PROPERTYPROPERTY IN MAIN SHOPPING THOROUGHFARE IN MAIN SHOPPING THOROUGHFARE 12 Northumberland Street, Newcastle upon Tyne NE1 7DA SUMMARY GROUND FLOOR Rare opportunity to acquire a retail unit on Northumberland Street - Newcastle’s prime shopping thoroughfare with busy pedestrian flows all year round. • The property is situated in a prime and prominent corner position at the junction of Northumberland Street and Northumberland Place. • It lies directly opposite the recently redeveloped Monument Mall Retail Scheme which has attracted top national retail brands including Kiehls, Reiss, Rox, Fat Face, Jack Wills and Jamie’s Italian. • Other major occupiers nearby include TK Maxx, Fenwick, Sports Direct, Scotts Menswear, Northern Goldsmiths, Thomas Cook and Nat West. 12 Northumberland Street, Newcastle upon Tyne NE1 7DA CLAR A167M RICHAR EMON T R OAD DSON R 11 10 18 14 OAD 12 NEWCASTLE LOCATION HAYMARKET NORTHUMBERLAND ROAD JOHN DOBSON S NORTHUMBERLAND S T T 12 NORTHUMBERLAND STREET St James’ Park CY S Eldon Square ER P Shopping Centre BA RR AC K T RO NORTH STREET A D Monument Mall MARKS & SPENCER T ST JAMES W (2 RETAIL FLOORS) EE BLACKETT STREET EL TR Grey’s LINGT G A E Monument LLO GAT Eldon W Square ON S Shopping T Centre T S DIANA S T E TR A167M Citygate MARK P EE I Science EE L G TR PRUDHOE CHARE Central T MONUMENT R I G M D R R E S A Y T V CORPORATION ST S E T T L R STOWELL S U EE E E O TR T W B E STGA ’ T E R S OAD ON S E M YT NEWCASTLE A SAVILLE ROW J CLA CITY CENTRE T S W ELDON WAY EST GAT E ROAD A167M EARLS WAY Law Courts T REE PRINCESS SQUARE ST LLE EVI N YSIDE W QUA ESTMO RLAND ROAD LISLE STREET CENTRAL STATION NORTHUMBERLAND STREET THE CITY BRIDGET YNE LIBRARY Centre FENWICK For Life Central Square DEPARTMENT STORE (5 RETAIL FLOORS) St James’ Gate NATWEST NORTHUMBERLAND PLACE BRUNSWICK PLACE SPORTS DIRECT SCOTTS THOMAS COOK KIEHLS ROX PAPIERJOLIE BLACKETT PLACE ELDON LANE JACK WILLS FAT FACE THE WHITE NEW BRIDGE STREET WEST MONUMENTCOMPANY MALL HUGO JAMIE’S BOSS ITALIAN REISS BLACKET STREET NORTHERN GOLDSMITHS GREYS MONUMENT SIDGATE HIGH FRIAR LANE 12 Northumberland Street, Newcastle upon Tyne NE1 7DA DESCRIPTION BASEMENT FIRST FLOOR The unit is a character property although Areas are as follows: is not listed and has the benefit of return Floor Area sq ft Area sq m frontage to Northumberland Place. Arranged Basement sales: 960 sq ft 89 sq m Basement ancillary: 380 sq ft 35.3 sq m over 5 floors providing retail space currently Ground floor sales: 1,609 sq ft 149.5 sq m at Basement, Ground and First floor levels First floor sales: 902 sq ft 83.8 sq m First floor ancillary: 205 sq ft 19 sq m with ancillary storage on basement and upper Second floor workshop/office/stores: 1,027 sq ft 95.4 sq m floor levels. Third floor stores: 985 sq ft 91.51 sq m 12 Northumberland Street, Newcastle upon Tyne NE1 7DA 12 NORTHUMBERLAND STREET Rateable Value The property is entered into the Valuation List at RV £163,000. The current UBR for 2014/2015 is 0.482 pence in the pound making the rates payable £78,566 per annum. Interested parties should verify this information by contacting the local rating authority direct. Terms of lease The property is available by way of a new full repairing and insuring lease for a term to be agreed however of minimum length 10 years. A rental of £179,950 per annum is required. Energy Performance The property is currently rated as G158. More energy efficient A+ Net zero CO2 emissions A 0-25 B 26-50 C 51-75 D 76-100 E 101-125 F 126-150 This is how energy efficient G Over 150 158 the building is. Less energy efficient VAT All figures within these terms are exclusive of VAT where chargeable. Viewing Strictly by appointment with joint agents Reid Birkett and BNP Paribas Real Estate. 12 Northumberland Street, Newcastle upon Tyne NE1 7DA CONTACT Mike Birkett Director [email protected] David Furniss Head of Newcatle office [email protected] Whilst every effort has been made to ensure accuracy, no responsibility is taken for any error, omission or mis-statement in these particulars which do not constitute an offer or contract. No responsibility or warranty whatever is made or given either during negotiations or in particular by vendor, lessor or the agent. Goad Digital Plans are for identification only and not to be scaled as a working drawing and are based upon the Ordnance Survey Map with the permission of The Controller of Her Majesty’s Stationary Office © Crown Copyright 39954X. No part of this plan may be entered into an electronic retrieval system without prior consent of the publisher. Experian, Goad House, Salisbury Square, Hartfield, Hertfordshire AL9 5BJ. 12 Northumberland Street, Newcastle upon Tyne NE1 7DA Designed & produced by www.creativestreakdesign.co.uk.

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