Retail premises to let in Percy Park Road, North Shields NE30

Location

8 Percy Park Road is located in Tynemouth, North Shields. Tynemouth is a coastal town in the north east, situated at the mouth of the River Tyne. The town sees a high amount of footfall making it a great location for all retail businesses.
Tynemouth can be accessed via the Coast Road which goes south west to Newcastle upon Tyne. Local transport includes Tynemouth metro station 0.2 miles away, and bus routes located outside of the property.

Description

The property is arranged over a basement and ground floor. The basement comprises of a large open space which could be utilized for office space or storage, there is also W/C. The ground floor has a large retail area looking onto Percy Park Road, and a small storage area to the rear.

Accommodation

We calculate the approximate net internal floor areas to be as follows:
Basement 22m² 237ft²
Ground Floor 27m² 291ft²
Total 49m² 527ft²

EPC rating

D94

Rating assessment

The rateable value of the premises as at 1 April 2023 is £7,100 and the estimated rates payable for the current year is £3,542.90. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority. You will not pay business rates on a property with a rateable value of £12,000 or less, if that’s the only property your business uses.

Terms

The property is available by way of a new lease with terms to be agreed at £21,000 (Twenty One Thousand Pounds) per annum.

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

Legal costs

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

Anti-money laundering regulations

In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.

Viewing

For general enquiries and viewing arrangements please contact Bradley Hall.

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