CITY CENTRE RETAIL UNIT TO LET
44-48 Clayton Street, Newcastle upon Tyne, Tyne and Wear NE1 5PF sw.co.uk Location
The subject property is located at the top end of Clayton Street near to the prime leisure/retail pitches within the heart of the City Centre benefitting from consistent footfall levels throughout the day. The premises lie in close proximity to Newcastle Central Station, The Gate Leisure complex and Newcastle’s principal retail destination known as Eldon Square. The former Newgate Shopping Centre has recently been redeveloped incorporating a 4 Star Maldron Hotel and 575 bed Unite Student accommodation on the upper floors with leisure opportunities at ground floor of which Junkyard Golf are scheduled to open in 2021. The new development sits directly opposite to the subject opportunity. Nearby occupiers include Heron Frozen Foods, Burger King, Nando’s, Tesco Express, Greggs and the O2 Academy along with numerous other national/local operators.
Newcastle is principally accessed via the A1(M), A19 and A69 road links. Newcastle Airport is circa 7 miles north west of the City Centre providing both international and domestic services. The location is very accessible via public transport with both Newcastle Central Station and Metro Stations within 5 minutes walk, whilst the junction of Clayton Street/Newgate Street is one of the main bus routes through the city.
Description
The subject property is Grade II listed and offers a spacious open plan retail sales area at ground floor level with ancillary internal storage, kitchen and WC facilities on the upper levels and basement. The property benefits from having a double fronted unit providing good levels of natural light and are secured via electric roller shutter doors internally. There is delivery access to the rear elevation via Newgate Street and a service/goods lift is available on each floor level.
Accommodation Asking Rent £65,000 per annum We understand that the property comprises the following approximate net internal floor areas:- Excellent / consistent footfall levels
In the heart of the City Centre Description Sq m Sq ft
Double fronted unit GF Retail Sales / Loading Bay 276.30 2,974
Rear delivery access / loading bay FF Internal Storage 267.30 2,877
Full Repairing & Insuring terms SF Internal Storage 247.00 2,659
Subject to Contract TF Internal Storage 265.40 2,857
BST Internal Storage 221.40 2,383
Total 1,277.40 13,750
ITZA 179.32 1,930
44-48 Clayton Street, Newcastle upon Tyne, Tyne and Wear NE1 5PF VAT
All rents quoted are deemed exclusive of VAT where chargeable.
Legal Costs
Each party to be responsible for their own legal costs incurred in connection with the transaction.
Business Rates
With effect from 1st April 2017 we understand the property is assessed for rating purposes as follows:-
Rateable Value £69,500
Interested parties should verify the accuracy of this information and rates payable with the Local Rating Authority, Newcastle City Council.
Energy Performance Certificate
The property has an Energy Performance Asset rating of Band C (70). A copy of the certificate is available upon request.
Permitted Use
The property has consent for any use within Use Class A1 (E) of the Town and Country Planning (Use Classes) Order 1987. Alternative uses may be considered subject to obtaining the necessary planning consent.
Asking Rent / Lease Terms
The premises are available to let by way of a new full repairing and insuring lease for a term of years to be agreed at an asking rent of £65,000 per annum, subject to contract.
Services
We understand that all mains services are connected to the property however any interested party should make their own investigations with regard to this matter.
44-48 Clayton Street, Newcastle upon Tyne, Tyne and Wear NE1 5PF Strictly by prior appointment with the agents:
Mark Convery 0191 269 0103 07525 872 141 [email protected]
Sanderson Weatherall Central Square South Orchard Street Newcastle upon Tyne NE1 3AZ
Or via our joint agents Shandwick Properties:
Paul Carolin
07772 299 932
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 lessor(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 6th floor, Central Square, 29 Wellington Street, Leeds, LS1 4DL
November 2020 sw.co.uk