3rd Floor Parsons House, Newcastle Shopping Park, Fossway, Byker, Newcastle upon Tyne

LOCATION 

The subject property is located above DW Fitness within Newcastle Shopping Park. Newcastle Shopping Park is a popular location with occupiers including TK Maxx, B&M, Asda and Poundland, it is also situated within very close proximity to Shields Road which is the main retail street in Byker.

Newcastle Shopping Park is situated on Fossway, forming part of the A187 and links with the A193 which provides access to Newcastle upon Tyne to the west and the North Tyneside coast via Wallsend to the east. The property is accessible by public transport links with Chillingham Road Metro Station just 0.3 miles away, Byker Metro Station is 0.4 miles away and there are bus stops within 0.1 mile. The property is situated approximately 1.6 miles from Newcastle upon Tyne city centre, 2 miles from Jesmond and 2 miles from Wallsend.

DESCRIPTION 

The property comprises an open plan office suite which is situated on the 3rd floor and has recently been refurbished. The office suite benefits from a self contained entrance, double aspect windows providing impressive views across the city and expansive car parking facilities. The office may be suitable for a variety of uses.

*We have been advised that Everlast Gyms may provide discounted memberships to the occupier. 

ACCOMMODATION 

We calculate the approximate net internal floor areas to be as follows:

RATING ASSESSMENT 

The rateable value of the premises as at 1 April 2023 is £32,750 and the estimated rates payable for the current year is £13,597.75. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

EPC RATING 

B50

TERMS 

The property is available to let by way of assignment of the existing lease which expires 31^st July 2024 at a rent of £37,025 (Thirty Seven Thousand and Twenty Five Pounds) per annum. The Landlord may consider a new lease.

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.

LEGAL COSTS 

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

ANTI-MONEY LAUNDERING REGULATIONS 

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

VIEWING 

For general enquiries and viewing arrangements please contact Bradley Hall.

Tel: 0191 232 8080

Email: newcastle@bradleyhall.co.uk