The property benefits from a very prominent location on the outskirts of Newcastle town centre, and forms part of an established parade of mixed use commercial/leisure buildings in a popular trading location. There is on street car parking to George Street and public parking nearby.
A substantial building occupying a prominent corner location of George Street and John Street. 49-51 George Street is made up of a self-contained retail unit which is predominantly an open plan sales area with ancillary back office accommodation. To the rear of the property and self-contained and separately accessed, is a single storey open plan office/retail unit with frontage to John Street. Separately accessed and located above the retail premises on George Street is a 2 bedroom self-contained flat, which has recently been let at £450 per calendar month or £5,400 pa. To the rear is a well-proportioned and enclosed yard area with gated access off John Street.
(49-51 George Street)
Ground Floor:
Main Sales (LHS):345 sq.ft.
Sales (RHS): 103 sq.ft.
Storage/Office:134 sq.ft.
Kitchen: 182 sq.ft.
WC: ---
Total NIA: 764 sq.ft.
(Shop on John Street)
Open plan sales area:352 sq.ft.
Outside WC: ---
Total NIA: 352 sq.ft.
1st floor 2 bedroom flat:
Lounge: 215 sq.ft.
Study/Laundry:99 sq.ft.
Kitchen: 76 sq.ft.
Bathroom: 52 sq.ft.
Bedroom 1: 99 sq.ft.
Bedroom 2: 146 sq.ft.
Total NIA: 687 sq.ft.
Mains water, electricity and gas are connected to the premises. Please note that no services have been tested by the agents.
The property will be available freehold, subject to contract and with vacant possession in the ground floor units and the shorthold tenancy agreement for the flat in place. Both parties will be required to pay their own legal fees.
OUTGOINGS
49-51 George Street:
Rateable Value:£9,000
Rates Payable:£4,419 pa (19/20)
*If you qualify for Small Business Rates Relief you may be entitled to a 100% exemption*
Shop and premises, John Street:
Rateable Value:£2,950
Rates Payable:£1,448.45 pa (19/20)
*If you qualify for Small Business Rates Relief you may be entitled to a 100% exemption*
1st floor 2 bedroom flat:
Council Tax: Band A
The sale price is not subject to VAT.
Both parties will be required to pay their own legal fees.
OTHER
TBA