Old Eldon Square, Newcastle Upon Tyne

LOCATION
The subject property is situated on Old Eldon Square, a prime retail location within the city centre and near to multiple entrances to Eldon Square Shopping Centre, Northumberland Street and The Gate Leisure Complex. Old Eldon Square is popular with national retailers and Starbucks, Wagamama and Nando’s are in the neighbouring units. The property is also next to Greggs and Fenwick.

The property benefits from being directly connected via several bus routes on Blackett Street and the entrance to Intu Eldon Square/Haymarket Bus Station is on Old Eldon Square and opposite the subject property. The city centre is also provided with Metro stops at Haymarket and Monument, the latter of which is 2 minutes walking distance from the subject property.

DESCRIPTION
The subject property comprises a ground floor retail unit with an outdoor seating area.

The subject property is within an attractive three storey, stone fronted terrace which forms part of a traditional Georgian terrace constructed in the 1800’s, The ground floor comprises an open plan sales area, treatment room/office and WC facilities.

The property forms part of the original Old Eldon Square which is a public area and often used by the local authority to hold outdoor screenings.

PLANNING
We understand the property benefits from planning consent for both A1 (Retail) and A3 (Café) and has consent for seating to the front of the property but would be suitable for a variety of uses STPP.

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

Ground Floor 88.1m² 948ft²

EPC RATING
B48

RATING ASSESSMENT
The rateable value of the premises as at 1 April 2023 is £12,250 and the estimated rates payable for the current year is £6,112.75. This is based on the uniform business rates multiplier of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

TERMS
The subject property is available by way of a new lease with terms to be agreed. The rent is available on application.
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 we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.