The Land Of Green Ginger, 76 Front Street

LOCATION

The subject property is located within Tynemouth Village, a designated conversation area. Tynemouth is situated approximately 8 miles north east of Newcastle, 2.5 miles south of Whitley Bay and 1 mile east of North Shields.

Road links are good as is the local transport system with numerous bus routes operating from Tynemouth providing routes throughout the local area. Tynemouth Metro Station is also within the immediate vicinity which provides regular routes throughout the region including to central hubs such as Newcastle City Centre, Gateshead, South Shields, Sunderland and to Newcastle International Airport.

Tynemouth is very picturesque and popular with tourists and Front Street, where the subject property is situated is home to a number of coffee shops, bars, restaurants and independent retailers and bed & breakfast operators. Nearby there are also high value residential dwellings, the well regarded Kings School and a number of professional firms who have moved into the area over the past couple of years.

DESCRIPTION

This property is an attractive Grade II listed converted church which has been renovated into a multi-let retail center. There are currently five units available, all of which are located on the first floor, they provide traditional open plan retail accommodation.

The property is already home to a number of well-established occupiers including Vineyard72, Alfie & Fins Bar, Rhumba, Pizza Crust, T’mouth Tattoo and health and beauty shops. The premises may be suitable for a variety of uses subject availability.

With regard to Unit 3-4, there is the opportunity to purchase the buisness, enquire for further details. Units 8-9 are available from 1st December and there is the option to take the units separatley.

ACCOMMODATION

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

Unit Space Size
Unit 3 and 4 Retail 31m2 330ft2
Unit 8 and 9 Bar / Restaurant 36.87m2 397ft2

EPC RATING

Available on request.

RATING ASSESSMENT

Interested parties should confirm the current position with the Local Authority.

TERMS

The units are available by way of new leases with flexible terms to be agreed. The rents are inclusive of communal central heating, electricity, building maintenance and cleaning.

Unit Weekly Cost Monthly Cost
Unit 3 and 4 £190.00 £820.00
Unit 8 and 9 £360.00 £1,440.00

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.