upon the instructions of ladbrokes · ladbrokes lease available a1/a2 planning 38 merton way,...
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UPON THE INSTRUCTIONS OF
LADBROKES
LEASE AVAILABLE A1/A2 PLANNING
38 MERTON WAY, CASTLE COURT SHOPPING CENTRE,
PONTELAND
Location Ponteland is situated on the main A696 road in South Northumberland, 8 miles north west of Newcastle and 2 miles from Newcastle International Airport.
The property is part of the Castle Court Shopping Centre which is
accessed by way of Thornhill Road and benefits from a free public car park to the rear and pedestrian access via the Main Street (A696). Nearby occupiers include Enchanted Forest Play Centre, Post Office, Q Hair Design, One Stop Convenience Store, Hardware and Alan Newton Family Butchers.
Accommodation The units provides the following approximate dimensions and net
internal floor areas:- Gross Frontage 19’0” (5.79 m) Internal Width 17’7” (5.36 m) Shop Depth 35’7” (10.85 m) Ground Floor Sales 622 sq ft (57.78 sq m) Rear Staff/Kitchen 73 sq ft (6.78 sq m)
Lease Term An existing 15 year full repairing and insuring lease to expire 30th May 2028. There are tenant only break options and rent reviews 31st May 2018 and 2023.
Our clients are looking to assign their leasehold interest but will
also consider a sub lease. Rent The passing rent is £13,000 per annum exclusive. Planning It is understood that the premises benefit from an A1 (Financial
and Professional Services) planning consent although they can also be used for A1 (Retail).
Business Rates We understand the premises have been assessed for business
rates as follows:- Rateable Value £8,500 Rates Payable (2014/15) £4,046 Interested parties are advised to make their own enquiries with the
Local Rating Authority for an accurate assessment and information regarding any relief which may be available.
Legal Costs Each party shall be responsible for their own legal fees incurred in
connection with the transaction. Service Charge A service charge is payable to cover the costs of the maintenance
of the exterior structure and common parts. VAT All figures quoted within these particulars are exclusive of VAT
where chargeable. EPC The Energy Performance Asset Rating is Ban C (57). A full copy
of the EPC is available upon request if required. Viewing & Further Information Strictly through the sole agents:- Smith Cole Wright Milburn House, Dean Street Newcastle upon Tyne NE1 1LF Tel – 0191 221 16 16 FAO – Jonathan Chapman Email – [email protected]
