Let to Parkside Walker Limited (t/a Parkside Pharmacy)
Recently renewed 15-year lease from January 2024 (subject to option)
VAT-free investment
Approximately 2,124 sq ft
Nearby occupiers include Heron Foods, Costcutter, Premier Convenience Store, Greggs and Betfred
Lot 41
Auction 9th May 2024
Rent £7,000 per Annum Exclusive
Status Available
Guide* £85,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
2 miles east of Newcastle City Centre, 12 miles north-west of Sunderland
Roads
A186, A187, A193, A1058
Rail
Walkergate, Byker Underground Stations
Air
Newcastle International Airport
Situation
Walker is a popular residential suburb, 2 miles east of Newcastle City Centre. The property is situated on the south side of Welbeck Road, at its junction with Monkchester Road. Nearby occupiers include Heron Foods, Costcutter, Premier Convenience Store, Greggs and Betfred.
Tenure
Freehold.
Location
Miles
2 miles east of Newcastle City Centre, 12 miles north-west of Sunderland
Roads
A186, A187, A193, A1058
Rail
Walkergate, Byker Underground Stations
Air
Newcastle International Airport
Situation
Walker is a popular residential suburb, 2 miles east of Newcastle City Centre. The property is situated on the south side of Welbeck Road, at its junction with Monkchester Road. Nearby occupiers include Heron Foods, Costcutter, Premier Convenience Store, Greggs and Betfred.
Tenure
Freehold.
Description
The property comprises a pharmacy arranged on the ground, basement and first floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C
Description
The property comprises a pharmacy arranged on the ground, basement and first floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas (Approx sq ft) (1)
Tenant
Term
Rent p.a.x.
Rent Reviews
Ground Basement First
Retail/Ancillary Ancillary Ancillary
103.43 46.00 48.00
(1,113) (495) (516)
PARKSIDE WALKER LIMITED (t/a Parkside Pharmacy)
15 years from 31/01/2024 (2) on a full repairing and insuring lease
£7,000
31/01/2028 and 31/01/2033
Total
197.43
(2,124)
£7,000
(1) Areas provided by VOA (www.tax.service.gov.uk/business-rates-find) (2) The lease is subject to a tenant only option to determine on 30/01/2029.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
