19 Ironmarket, Newcastle, ST5 1RF

Summary

The property presents an opportunity to either rent the ground floor retail unit in a prime location or purchase the freehold of the whole building. The property is of brick elevations supporting pitched roof surfaces with the front section arranged over three floors and the substantial outrigger to the rear over two floors. 19 Ironmarket has planning permission (permitted development) for two 2 bedroom apartments with independent access via an external staircase to the rear. Subject to consent the upper floors could alternatively be turned into a HMO or student accommodation. The ground floor retail unit comprises a large sales area with staff kitchen and toilets to the rear. The upper floors are currently laid out as stockrooms plus WC and kitchen on the top floor. Please note, terminal dilapidations claim is in progress.

Key Points

Services

Mains electric, gas, water and drainage are connected. No services have been tested by the agents.

Tenure

Available by way of a new full repairing and insuring lease, for a term to be agreed. The property is also available on a freehold basis subject to contract and with vacant possession upon completion.

Business Rates

Rateable Value: £16,000
Rates Payable: £7,984 pa (25/26)
Note: The 2025/26 Retail, Hospitality and Leisure Business Rates Relief scheme will provide eligible occupied retail, hospitality, and leisure properties with a 40% relief, up to a cash cap limit of £110,000 per business.

VAT

The sale price/rent is not subject to VAT.

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