Summary
Twyford House is a detached property principally comprising an open plan former dance studio constructed by means of a timber portal frame with
part brick and part glazed elevations supporting a pitched and flat felted roof surface. Adjoining the main hall are several other rooms including entrance hall, office accommodation and kitchen area. Externally there is a detached garage providing storage accommodation and an enclosed courtyard area.
Key Points
Formally with planning consent for Retail use (A1)Prominent location within 20 yards of town centreEPC : Band E (101)Services
We have been advised that all mains services are connected to the property. Heating is provided by a number of electricity powered wall mounted heaters. No services have been tested by the agents.
Tenure
Available by way of a new full repairing and insuring lease for a term of years to be agreed, subject to rent reviews every three years and with each party bearing their own legal fees. Alternatively, on a freehold basis subject to contract and with vacant possession upon completion.
Business Rates
Rateable Value £4,050
Rates Payable £2020.95 pa (24/25)
Note: If you qualify for Small Business Rates Relief you should be eligible for a 100% rates payable exemption.
VAT
The sale price/rent is not subject to VAT.
Planning
At present the property is being used children’s play centre however, change of use (Application no: 05/00464/COU) was granted in July 2005 permitting change of use to A1 (retail). This consent has now expired but should be renewed subject to a new application being submitted.
Anti Money Laundering Regulations
In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.
Location
The property is prominently located on the fringe of Newcastle town centre at the junction with Garden Street and Hassell Street in an area that has recently seen a significant amount of new development of apartments and houses. There is a public car park immediately opposite the property.