CITY CENTRE RETAIL UNIT TO LET - Sanderson Weatherall
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CITY CENTRE RETAIL UNIT TO LET 76-80 Clayton Street, Newcastle upon Tyne NE1 5PG sw.co.uk
Location
The subject property is located on Clayton Street in a secondary retail pitch of Newcastle City Centre
benefitting from good footfall levels on a daily basis. The premises lie in close proximity to Newcastle
Central Station, The Gate complex and Newcastle’s principle retail destination known as Intu Eldon
Square Shopping Centre. The former Newgate Shopping Centre has recently been demolished and a
brand new student complex accommodating circa 575 bed spaces is in the process of being erected
to take its place with construction well underway. The new scheme lies in close proximity to the
subject property and will also accommodate a 4 Star Hotel along with restaurant/leisure operators at
ground floor level which can only increase the footfall further. Nearby occupiers include Heron Frozen
Foods, Brighthouse, Wilko, Tesco Express, Greggs, The O2 Academy and numerous local operators.
Newcastle is principally accessed via the A1, A19 and A69. Newcastle Airport is circa 7 miles north
west of the City Centre providing both international and domestic services.
Description
The property comprises a ground floor retail unit offering a spacious retail sales area on a popular
retailing street within the heart of Newcastle City Centre which could accommodate numerous uses
subject to planning. The property is a Georgian building with an attractive stone façade. The unit also
provides WC facilities and ancillary storage to the rear elevation. The unit itself could be carved up to
present smaller units dependant on occupier requirements. The premises benefits from having one of
the largest frontages on Clayton Street and deliveries are easily accessible to the rear. We
understand that the property benefits from water and electricity mains services however any
interested party should make their own investigations with regard to this matter. The property has a
Grade II listed status and is situated within the Grainger Town Conservation Area.
Lease Terms
The premises are available by way of a new Full Repairing and Insuring lease for a term of years to
be agreed, subject to contract.
Planning
The subject property has consent for A1 Use Class under the Town and Country Planning Use
Classes Order 1987. Alternative uses may be suitable subject to obtaining necessary planning
consent.
76-80 Clayton Street, Newcastle upon Tyne NE1 5PG
Accommodation
We understand that the accommodation provides the following approximate net internal floor areas:-
Description Sq m Sq ft
Ground Floor Retail Zone A 34.80 375
Ground Floor Retail Zone B 21.30 229
Internal Storage 19.80 213
External Storage 12.80 138
First Floor Internal Storage 78.54 845
Second Floor Internal Storage 31.46 339
Basement Internal Storage 54.70 589
Total Area 253.40 2,728
Rates
The property is currently listed within the 2017 Rating List as follows:-
Rent upon application Shop & Premises RV £62,500
New Full Repairing and Insuring lease Interested parties should verify the accuracy of this information and rates payable with the Local Rating
for a term of years to be agreed, subject Authority, Newcastle City Council.
to contract
VAT
Total Area 253.40 sq m (2,728 sq ft)
All rents quoted are deemed exclusive of VAT.
Legal Costs
Each party is to be responsible for their own legal costs incurred throughout this transaction.
EPC
The property has an Energy Performance Asset Rating of Band C (74). A full copy of the EPC is available
upon request if required.
76-80 Clayton Street, Newcastle upon Tyne NE1 5PG
Strictly by prior appointment with the
agents:
Mark Convery
0191 269 0103
mark.convery@sw.co.uk
Sanderson Weatherall
22-24 Grey Street
Newcastle upon Tyne
NE1 6AD
Misrepresentation Act 1967: Messrs Sanderson Weatherall LLP for itself and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1) These
particulars do not constitute any part of an offer or contract; 2) None of the statements contained in these particulars as to the properties are to be relied on as statements of
representations of fact; 3) Any intending purchasers must satisfy themselves by inspection or otherwise as to the correctness of each of the statements contained in these particulars;
4) The vendor(s) or lessor(s) do not ake or give and neither Messrs Sanderson Weatherall LLP nor any person in their employment has any authority to make or give any
representation or warranty whatsoever in relation to this property; 5) None of the building’s services or service installations (whether these be the specific responsibility of the
freeholder, lessor or lessee) have been tested and are not warranted to be in working order. Finance Act 1989: Unless otherwise stated all prices and rents are quoted exclusive of
VAT. Consumer Protection from Unfair Trading Regulations 2008 and Business Protection from Misleading Marketing Regulations 2008; Every reasonable effort has been made by
Sanderson Weatherall to ensure accuracy and to check the facts contained in these particulars are complete. Interested parties are strongly advised to take appropriate steps to
verify by independent inspection or enquiry all information for themselves and to take appropriate professional advice.
Sanderson Weatherall LLP Registered in England company number OC 344 770 Registered Office 6th floor, Central Square, 29 Wellington Street, Leeds, LS1 4DL
February 2020
sw.co.uk
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