Retail premises to let in Whitley Road, Whitley Bay NE26

Location

The subject property is located on the corner of Whitley Road, North Parade and York Street, Whitley Bay.

Located off the main high street it benefits from high pedestrian and vehicular footfall.

Whitley Bay is a seaside town and densely populated region of North Tyneside located on the north east coast, approximately 9 miles to the north east of Newcastle upon Tyne.

It is easily accessed by road from the city centre via the A1058 (Coast Road) with quick access to A1(M) and A19 via the Tyne Tunnel. It is also connected to the rapid Metro transport network with several stations within walking distance.

Whitley Bay is a popular tourist destination with an award-winning beach. North Tyneside Council were successful in their bid for £3.47m from the Heritage Lottery Fund to carry out major restoration of the iconic Spanish City and Promenade, which has now completed.

The exact location is shown on the attached plan.

Description

The subject property offers self-contained ground floor retail unit which can be let as one or divided into two units.

The property is to be refurbished by the landlord to basic standard, allowing any ingoing tenant to undertake their own fitout.
The accommodation offers a main sales area with two pedestrian access doors from North Parade, with rear WC and stores.

The property benefits from automatic security roller shutters to all windows and doors.

In its current form the accommodation could be used for a variety of different uses, subject to planning permission.

Accommodation

From onsite measurements the premises have the following NIA:

Shop / Showroom and stores

total NIA: 127.28 M² (1,370 sq ft)

(Subdivision may be considered to provide 2 self-contained units if circa 63.63 m2 (685 sq ft) or thereabouts.)

Services

The property benefits from all mains services, including gas, electric, water and mains drainage.

It is recommended that all interested parties contact the local service providers to ensure that the services are installed and operational.

Business rates

We understand from the voa website that the current rating assessment will need to be reassessed upon occupation, as it is combined with the first floor.

(It is recommended that all interested parties contact the Local Authority to confirm these figures.)

Tenure

The property is available by way of new Full Repairing and Insuring lease for a term of years to be agreed.

Service charge

A nominal service charge is payable for the up keep and maintenance of common areas.

Exact figures can be provided upon request.

Rent

Our client is seeking a rental in the region of £20,000 p.a.

Incentives may be available subject covenant and lease term.

Energy performance certificate

An EPC can be provided upon request.

VAT

VAT will be chargeable at the prevailing rate.

Legal costs

The ingoing tenant will be responsible for the landlords’ reasonable legal costs in connection with any transaction.

Viewing

By prior appointment with Frew Pain & Partners, contact:

James E F Pain
Tel: Email:

May 2024