Whitley Bay, 82a Park View
Whitley Bay, 82a Park View

The property is prominently located at the junction of Park View, Norham Road and Kings Drive, in the heart of Whitley Bay's principal shopping area.

Nearby occupiers include Tesco, Newcastle Building Society, Rook Matthews Sayer and Saks Hairdressing.

The covered Park View Shopping Centre is approximately 200 metres to the east.

The property comprises a substantial corner retail unit arranged over ground and first floor levels.  The accommodation benefits from full height display windows across its entire frontage. The first floor provides further showroom/ancillary space, whilst there are storage areas to the rear of the ground floor.

The net internal areas are as follows:

 82a Park View    
 Ground Floor    
 Sales 1,268   117.80  
 Store 204   18.95  
 Sub Total 1,472   136.75  
 First Floor    
 Showroom 752   69.86  
 TOTAL 2,224   206.61  

We understand that the unit benefits from an existing Class A1 (retail) consent.

Interested parties should however make their own enquiries with North Tyneside Council (0191 643 2310).

The property is currently assessed in the 2010 Rating List as having a rateable value of £17,250. The uniform business rate for the 2015/2016 year is £0.493 meaning rates payable will be approximately £8,504.25.

The property is available by way of a new effectively full repairing and insuring lease.  The tenant will be responsible for internal repairs and will reimburse the landlords costs in maintaining the structural elements of the property and building insurance.

The property is available at an initial rent of £22,500 per annum.

Each party will be responsible for their own costs in the transaction.

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

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