Newcastle upon Tyne, 5 Bigg Market
Newcastle upon Tyne, 5 Bigg Market

LOCATION
Located in the heart of the city centre. Bigg Market links Grainger Street with Mosley Street. The area is characterised by retail and leisure uses.

Occupiers in close proximity include Holland & Barrett, Finlays and William Hill. Leisure occupiers include Pizza Hut, City Vaults, KFC, Blue Bamboo and the Bee Hive.

DESCRIPTION
The property comprises the ground floor and part of the first floor of a Victorian, mid-terraced building.

The accommodation consists of open plan sales space with office/storage and staff facilities at the rear. In addition, there is a storage facility at first floor level.

ACCOMMODATION
The net internal areas are as follows:

   M2 Sq Ft 
 Sales 139.30   1,499
 First Floor  23.49  253
 Total  162.79  1,752

PLANNING
We understand that the property has a Class A1 (retail) consent. Interested parties should make their own enquiries of Newcastle City Council (0191 232 8520).

RATING ASSESSMENT
The property is entered in the 2010 Rating List with a Ratetable Value of £29,250.

Interested parties should make their own enquiries in respect of the rates payable with the Group Valuation Office (0191 220 7000).

SERVICE CHARGE
A service charge is payable which covers the landlord's costs in maintaining the structural elements of the property and insurance.

LEASE/RENT
The property is available by way of a new lease at an initial rent of £30,000 per annum.

LEGAL COSTS
Each party is to be responsible for their own costs in the transaction.

VAT
All rents, premiums and purchase prices quoted are exclusive of VAT. All offers are to be made Gavin Black & Partners on this basis and, where silent, offers will be deemed net of VAT.

 

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Particulars