Lobley Hill Road, Gateshead, Tyne & Wear NE8 Retail property (high street) to rent - £520 pcm (£120 pw)

Location:
Located in a prime commercial area, With 864sqft (80sqm) of space available, this unit is perfect for anyone looking to establish a new storefront. The unit has free car parking to the side, and situated near Team Valley Trading Estate, offering plenty of foot traffic.
Description:
Previously used as a salon and builders show room, the space includes large windows for natural light and an open floor plan. The unit is made up of two main rooms, a kitchen/storage room, staff toilets and a rear service yard. This is an ideal unit for retailers starting out or looking to relocate their business. The property is clean and tidy and available for immediate occupation.
Accommodation:
The accommodation comprises the following approximate net internal areas.Sales Floor - 864sqft (80sqm)

Lease Terms:
The unit is available via a new full repairing and insuring lease for a term of years to be agreed, subject to regular rent reviews at a commencing rent of £6,256 per annum exclusive.
Business Rates:
The current ratable value from (1st April 2023 to present): Shop & Premises - £2,950. The business may be eligible for small business rate relief which in some circumstances can equate to 100% rate relief. For further information please contact Gateshead Metropolitan Borough Council.
Legal Costs:
The Tenant is to reimburse the Landlord for all reasonable legal costs with regards to completing the Lease.
VAT
All figures quoted are exclusive of VAT where chargeable.

Viewing:
By appointment only through sole agents, Thrower Stone Group.
Subject to Contract