42 Merrial Street, Newcastle, ST5 2AW

Summary

A semi-detached property with a glazed frontage to Merrial Street and an extensive return frontage to Corporation Street the property would suit a wide variety of commercial uses. The property benefits from UPVC double glazed window frontage, warm air blowers on the shop floor and a suspended ceiling. Internally the property comprises a front and rear sales area, ground floor bathroom and access from the front on Merrial
Street or side on Corporation Street. The first floor is accessed from the rear and comprises a front office, a large rear storeroom and upstairs bathroom. There is the potential for the property to be split and rented as two separate units or sublet by the occupier to another business.

Key Points

Services

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

VAT

The rent is not subject to VAT

Tenure

Available by way of a new Full Repairing and Insuring lease for a minimum of 3 years and with rent reviews every 3 years and with each party bearing their own legal costs associated with the lease.

Business Rates

Rateable value £9,700
Rates payable £4,840.30 pa (23/24)
Note: If you qualify for Small Business Rates Relief you should be entitled to a 100% rates payable exemption.

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