Retail premises to let in Hill Street, Corbridge NE45

Location

Corbridge is an affluent village situated within the Tyne Valley, approximately 15 miles to the west of Newcastle upon Tyne. The village has a population of around 3,000 people. The village lies approximately 4 miles east of Hexham, which is the principle market town in the locality.

Corbridge lies just to the south of the A69 Dual Carriageway, which bypasses the village to the north and is the main road linking Newcastle and Carlisle.

The property benefits from a prime retailing position in the centre of Corbridge immediately adjacent to the main bus stop and on street car parking. Corbridge has a strong retailing core serving the local population from a wide catchment and significant tourist trade, which has seen significant growth in recent years. Several national retailers are represented in the village, which has specialist fashion retailers as well as jewellers, food shops, arts and craft retailers, book shops, pharmacy and gift shops.

Description

The property comprises a ground floor retail shop unit in a traditional stone built building. The entrance to the front is shared with the adjacent retail unit occupied by Chapter 38 Clothing .Internally the benefits from open plan floor space that could be suitable for a variety of uses.

Accommodation

The property includes the following gross internal areas

Ground Floor 26.87 sq m 289.22 sq ft

Terms

The property is available on a new effectively full repairing and insuring lease at a annual rent of £7,500 per annum. All other terms by way of negotiation.

Rating assessment

The rating assessment currently appearing on the Valuation List is as follows:

2023 - £6,400

The Small Business Rate for the year 2024/2024 is 49.9 pence in the pound. Full business relief is available to qualifying tenants.

Anti-money laundering

In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.

Legal costs

Each party to bear their own legal costs incurred in the transaction.

Energy performance

The property has an Energy Performance Certificate rating of E(114).

VAT

All figures are exclusive of VAT where chargeable..