PRIME CITY CENTRE INVESTMENT PROPERTY

3/5-9 CHURCHILL STREET

NEWCASTLE UPON TYNE NE1 4HF

• Excellent City Centre Investment Property

• 24.5 years unexpired at a passing rent of £100,000 per annum

• Offers in the region of £1.5m subject to contract

22-24 Grey Street Newcastle upon Tyne NE1 6AD 0191 261 2681 Fax 0191 261 4761 www.sandersonweatherall.co.uk BRISTOL LEEDS LONDON MANCHESTER NEWCASTLE TEESSIDE Chartered surveyors and property consultants Note: For conditions under which particulars are issued see over

LOCATION LEASE DETAILS

The subject premises lies on Churchill Street, directly The property is under lease from 15 February 2012 to 10 opposite the local Coach Station and close to the Centre July 2037. The passing rent is £100,000 per annum and for Life, the St James’ Gate development and the the lease is subject to rent reviews during the term of the forthcoming development on St James’ Boulevard lease. including Science City. The lease benefits from an upward only 5 yearly rent Newcastle upon Tyne is located in the North East of review pattern to the higher of open market rent or RPI. England and has an urban area population of 190,000 persons. Newcastle is principally accessed via the A1, Full lease details are available upon request. A19 and A69. Newcastle Airport, 7 miles north west of the City Centre, provides international and domestic RATES services. Sunderland is located 14 miles to the south east. South Shields is 14 miles to the east and Carlisle With effect from 1 April 2010 we understand the property 58 miles to the west. is assessed for rating purposes as follows:

DESCRIPTION Rateable Value £64,000 UBR 2014/2015 48.2p The property comprises a three storey brick built Rates Payable 2014/15 £30,848 property with rendered external elevations and hipped and slate covered roof. Internally the floors are PRICE supported on a mixture of steel frames and timber joists and the property is fully fitted as a Cabaret Bar and Offers are invited in the region of £1,500,000 for the Nightclub. benefit of our client’s freehold interest.

Internally the premises are fitted to a good standard in ENERGY PERFORMANCE CERTIFICATE the public areas, within the main area plastered and painted walls, carpeted floor coverings and a balconied The Energy Performance Asset Rating is Band D (100). seating area with an additional bar servery. There is A full copy of the EPC is available for inspection if also a large bar servery at ground floor level together required. with a stage for performance. LEGAL COSTS ACCOMMODATION Each party to be responsible for their own legal costs We understand that the property has the following net incurred in connection with any transaction. internal area: VIEWING Basement Storage 235.19 m2 2,532 sq ft Strictly by appointment with sole agents Sanderson Ground Floor 270.25 m2 2,909 sq ft Weatherall, contact:

First Floor 168.33 m2 1,812 sq ft Kevin McGorie Tel: 0191 269 0174 Total Floor Area 673.77 m2 7,252 sq ft Email: [email protected]

KMM/CLM/142691 SEPTEMBER 2014

SEPTEMBER 2014

Misrepresentation Act 1967: Messrs Sanderson Weatherall LLP for itself and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1) These particulars do not constitute any part of an offer or contract; 2) None of the statements contained in these particulars as to the properties are to be relied on as statements of representations of fact; 3) Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars; 4) The vendor(s) or lessors(s) do not make or give and neither Messrs Sanderson Weatherall LLP nor any person in their employment has any authority to make or give any representation or warranty whatsoever in relation to this property; 5) None of the building’s services or service installations (whether these be the specific responsibility of the freeholder, lessor or lessee) have been tested and are not warranted to be in working order.

Finance Act 1989: Unless otherwise stated all prices and rents are quoted exclusive of VAT

Consumer Protection from Unfair Trading Regulations 2008 and Business Protection from Misleading Marketing Regulations 2008: Every reasonable effort has been made by Sanderson Weatherall to ensure accuracy and to check the facts contained in these particulars are complete. Interested parties are strongly advised to take appropriate steps to verify by independent inspection or enquiry all information for themselves and to take appropriate professional advice.

Sanderson Weatherall LLP Registered in England company number OC 344 770 Registered Office 25 Wellington Street Leeds LS1 4WG