The property is located on Stubbs Gate, a residential street close to Newcastle Town Centre with nearby retailers including Morrisons, Costa and Homebase.
All mains services are available subject to any reconnection which may be necessary.
Bjb recommend that potential occupiers make their own enquiries to the local authority in order to satisfy themselves that their proposed use is authorised in planning terms.
Freehold subject to existing lease. Tenants Internal Repairing and Insuring Lease for 6 years from 1st April 2020 at £5,160 per annum
Energy Performance Certificate number and rating is 106 E
VAT is not applicable to this sale.
To comply with Money Laundering Regulations, on acceptance of an offer for purchase or letting, the buyer or prospective tenant will be required to provide identification to Butters John Bee.
Description
Outstanding opportunity to purchase a commercial investment close to Newcastle town centre and having a longstanding Tenant who has been in occupation for decades. Let by way of 6 year lease from 1st April 2020 at £5,160 per annum with verbal confirmation from the Tenant that he wishes to enter into a new agreement for a further three to six year term.
Description:
Outstanding opportunity to purchase a commercial investment close to Newcastle town centre and having a longstanding Tenant who has been in occupation for decades. Let by way of 6 year lease from 1st April 2020 at £5,160 per annum with verbal confirmation from the Tenant that he wishes to enter into a new agreement for a further three to six year term.
Accommodation:
GROUND FLOOR:
Reception/Working Area: 384 Sq ft (35.67 Sq m)
Workshop: 128 Sq ft (11.89 Sq m)
FIRST FLOOR:
Office/Store: 286 Sq ft (26.57 Sq m)
Kitchen: 61 Sq ft (5.67 Sq m)
TOTAL NIA: 859 Sq ft (79.80 Sq m)
Rating:
The VOA website advises the rateable value for 2024/25 is £4,900. The standard non-domestic business rates multiplier is 54.6p. The small business multiplier is 49.9p up to a rateable value of £50,999. Small Business may benefit for upto100% on premises with a rateable value of up to £12,000 and a tapered relief for rateable values between £12,000 and £15,000.
Bjb recommends interested parties make their own enquiries into the business rate payable any further business rate relief which may be available.
Viewing:
Strictly by appointment via bjb commercial, Suite 1, Albion House, No.2 Etruria Office Village, Forge Lane, Festival Park, Stoke-on-Trent, ST1 5RQ
Telephone 01782 212201. Opening hours are 9.00-5.30pm, Monday to Friday.
Disclaimer
Butters John Bee Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering purchasing your property in order to rent, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
Butters John Bee Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
Location
