Newcastle upon Tyne, Tyne and Wear,
Status: To Let
Property: 8 Hood Street
Size: 1,137 sq ft
The property comprises the ground floor of this four storey Georgian Grade 2 listed building. Internally, the property comprises a large open plan sales area and partitioned office space.
The unit is fitted to provide a timber framed display window, recessed door entry, external steel security shutter, suspended ceiling incorporating Category II lighting and kitchenette and WC facilities.
The property is situated on the southern side of Hood Street, Newcastle City Centre, approximately 200m from Monument Metro Station and close to Northumberland Street and Eldon Square. Other retailers on Hood Street include Coral Bookmakers, Vivienne Westwood, Manpower, Lloyds TSB and Newcastle Building Society.
The property provides the following accommodation.
Internal Width 3.99 m
Shop Depth 13.51 m
Built Depth 16.17 m
Sales Area 93.29 m2 (1,004 ft2)
Office 8.14 m2 (88 ft2)
Kitchenette 4.24 m2 (46 ft2)
£31,500 per annum.
Following an enquiry with the Local Rating Authority we are advised that the property is entered in the valuation list as follows.
Rateable Value (2005 list): £31,750
Rates Payable (2007/2008): £14,097
Interested parties should make their own enquiries with the local rating authority to confirm these figures.
All figures quoted are exclusive of VAT where chargeable.
Assignment of our client’s lease for a term until 10 November 2010 with the lease contracted outside of the Security of Tenure Provisions of the Landlord and Tenant Act 1954 as amended.
Alternatively, the Landlord may consider granting a new lease for a term and rent to be agreed contracted with Security of Tenure.
The ingoing Tenant will be responsible for the Landlord’s reasonable legal costs incurred in the transaction.
Tenant to reimburse a proportion of the Landlord’s costs incurred in respect of external repairs, maintenance and insurance.
For general enquiries and viewing arrangements, please contact our Newcastle Office on 0191 232 7030 or ask to speak to Alastair McGillivray, the surveyor dealing with this property.