Commercial Property To Let
Retail
Retail Unit / Office
Wrekenton
£15,000 To Let (Leasehold)
REF: NE2241
Location
The premises are located in the main centre of Wrekenton which is a residential suburb on the southern outskirts of Gateshead. The unit forms part of the central shopping district which includes a SPAR, an ALDI supermarket and a selection of independent traders all supported by free parking.
There are a number of densely populated residential estates in the immediate area so there are strong levels of potential captive trade and vehicle access is good via the A1(M) Western Bypass and from the A167.
Description
The premises are currently configured to offer two separate spaces, one of which was previously an eye clinic and the other was a hair salon. Each space has access from the entrance lobby and they shared the kitchen and toilet facilities. To the rear there is an office and a storeroom.
Premises
Ground Floor
Retail/Office up to 1,200 sq.ft. (112 sq.m.).
Kitchen
W.C.
Services
Electricity and water are installed.
Rates
The premises are assessed as follows:
Rateable Value £11,250 (2026)
Rates free incentives subject to status.
EPC
Rating C.
Tenure
The premises will be offered on an FRI lease at a commencing rent of £15,000 per annum with full terms and conditions to be agreed.
The ingoing tenant will be responsible for the landlord’s costs in preparing the lease.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations, the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.
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