1 Broadway Circle, Blyth

RETAIL PREMISES WITH SELF CONTAINED FIRST FLOOR RESIDENTIAL FLAT

898 ft²

Annual rental of £9,750

Key Features

Features
Retail unit with self-contained residential flat
Ground floor NIA of 83.49m² (898.69ft²)
Nearby car parking
Prominent roadside location
EPC Rating D79
Transport
466ft from the nearest bus stop
0.5 from Blyth town centre
2 miles from A189
6 miles from Cramlington Train Station

Property Description

SITUATION

The property is located on the corner of Broadway Circle and Princess Louise Road in Blyth. Broadway Circle forms part of a prominent main road which provides access towards the coast and Blyth town centre.

The property is situated within a predominantly residential location, approximately one mile away from Blyth town centre and Blyth Hospital and approximately 1.2 miles from Blyth beach.

Surrounding the property are a number of bus routes and convenient parking for customers. The property is 2.2 miles from the A19 which provides easy access to the north and south.

DESCRIPTION

The subject property comprises a semi detached retail premises with residential accommodation to the first floor. The premises was formerly occupied as a barbers and benefits from A1 use.

 

The property is well presented externally with roller shutter security and access. The residential flat is accessed by a separate door to the right of the retail premises.

The property also benefits from a rear garage storage area which is accessible from the side of the property.

We have currently been unable to access the residential accommodation to the first floor.

ACCOMMODATION

Ground floor retail                                   83.49m²                               (898.69ft²)

 

TERMS

The property is available by way of a new lease for a term of years to be agreed at a rental of £10,000 (Ten Thousand Pounds) per annum.  There is a lease in place currently which is due to expire 18/09/2017 however the tenant has vacated the property and would be open to an early surrender.

The freehold may be available and information is available on request.

 

RATING ASSESSMENT  

Description                         RV                          Estimated Rates Payable

Shop and                             £4,200                                  £1,957.20

Premises

We are advised that the rateable value of the premises as at 1 April 2017 is £4,200 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 46.6p in the pound. However, interested parties should confirm the current position with the Local Authority.

COUNCIL TAX BAND

The residential flat is listed within band A for council tax and the current annual charge is £1,131.62.

LEGAL COSTS

Each party is to bear their own legal costs involved in the transaction.

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

 

VIEWING

For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.

Nicholas Bramwell: Nicholas.bramwell@bradleyhall.co.uk

0191 232 8080

 


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