Napier Road, Swalwell

The subject property is arranged over ground floor, providing retail accommodation in a prominent corner position. The subject property comprises retail floor space, an office, storage room, kitchen and WC facilities.

The freehold is available with offers invited in the region of £70,000 (SEVENTY THOUSAND POUNDS).

The property is available by way of a new lease with terms to be agreed at £10,000 (TEN THOUSAND POUNDS) per annum.

The rateable value of the premises on the 1st April 2023 is £3,900 and the estimated rates payable for the current year is £1,946.10. 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 and may be able eligible for Small Business Rates Relief.

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