No longer on the market
This property is no longer on the market
MapProperty
Property
Letting details
- Available now
- Long term let
Features and description
FOR SALE BY WAY OF ONLINE AUCTION ON - 30TH MAY 2024. OPTION 1 - Terms and Conditions apply. See Agents Property Auctions Website for full details.
An excellent opportunity to purchase this attractive and commanding building. Possibly suitable for retail or restaurant (subject to planning) this is a substantial two storey (plus basement) commercial building, previously occupied by Lloyds Bank and having a prominent position on Durham Road at the centre of Birtley shopping centre. There is a large Morrisons store nearby and a good variety of trades in the busy shopping area. With an RV of £12,274, small business rate relief may be available.
Accommodation
Arranged over three floors with a large banking hall and offices to the ground floor. Approximate floor areas are: ground 1300 sqf, first 900 sqf and small basement. There is no external space.
Lease Terms
The premises are available on terms to be agreed in multiples of 5 years upon a FRI basis. Incentives may be available subject to negotiation.
Use and Planning.
The owners are prepared to consider all relevant proposals for the use of the premises and this could potentially include retail, office or restaurant. We understand that its current use class is: Commercial, Business & Service (E) and that prior to the recent changes it was Retail (A1). Prospective tenants must satisfy themselves as to the suitability of their proposed use for the premises and are responsible for any required planning applications for change of use.
Rates
The RV from April 2023 is £12274 which means that qualifying tenants may qualify for small business rate relief . It was previously £8926 and this increase has not yet been challenged. It may therefore be possible to reduce the rates payments further. Full details of SBRR are available from Gateshead MBC.
Costs
Each party to be responsible for their own costs.
Services
As far as we are aware, all mains services are available or connected. We observed radiators and air conditioning plant within the premises. Prospective tenants must satisfy themselves with regard to services within the building.
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on[use Contact Agent Button]
EPC Rating: D
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000.00+VAT (total £2400.00) Auction Administration Fee. Joint Agent The Agents Property Auction Ltd. [use Contact Agent Button]
Material Information
Whilst every care has been taken to prepare these particulars, they are for guidance purposes only. All measurements are approximate and are for general guidance purposes and they should not be relied upon. Potential tenants are advised to recheck the measurements.
An excellent opportunity to purchase this attractive and commanding building. Possibly suitable for retail or restaurant (subject to planning) this is a substantial two storey (plus basement) commercial building, previously occupied by Lloyds Bank and having a prominent position on Durham Road at the centre of Birtley shopping centre. There is a large Morrisons store nearby and a good variety of trades in the busy shopping area. With an RV of £12,274, small business rate relief may be available.
Accommodation
Arranged over three floors with a large banking hall and offices to the ground floor. Approximate floor areas are: ground 1300 sqf, first 900 sqf and small basement. There is no external space.
Lease Terms
The premises are available on terms to be agreed in multiples of 5 years upon a FRI basis. Incentives may be available subject to negotiation.
Use and Planning.
The owners are prepared to consider all relevant proposals for the use of the premises and this could potentially include retail, office or restaurant. We understand that its current use class is: Commercial, Business & Service (E) and that prior to the recent changes it was Retail (A1). Prospective tenants must satisfy themselves as to the suitability of their proposed use for the premises and are responsible for any required planning applications for change of use.
Rates
The RV from April 2023 is £12274 which means that qualifying tenants may qualify for small business rate relief . It was previously £8926 and this increase has not yet been challenged. It may therefore be possible to reduce the rates payments further. Full details of SBRR are available from Gateshead MBC.
Costs
Each party to be responsible for their own costs.
Services
As far as we are aware, all mains services are available or connected. We observed radiators and air conditioning plant within the premises. Prospective tenants must satisfy themselves with regard to services within the building.
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on[use Contact Agent Button]
EPC Rating: D
Each auction property is offered at a guide price and is also subject to a reserve price. The guide price is the level where the bidding will commence. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10% higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction. The successful buyer pays a £2000.00+VAT (total £2400.00) Auction Administration Fee. Joint Agent The Agents Property Auction Ltd. [use Contact Agent Button]
Material Information
Whilst every care has been taken to prepare these particulars, they are for guidance purposes only. All measurements are approximate and are for general guidance purposes and they should not be relied upon. Potential tenants are advised to recheck the measurements.
About this agent
Andrew Craig FRICS has been selling and letting properties in Low Fell, Gateshead and surrounding areas since 1982. Andrew Craig Low Fell is situated on the corner of Durham Road and Albert Drive, a deceptively large building which is our Flagship Branch, home to our Low Fell sales department, Property Management and Lettings, Accounts, Head Office and Mortgage departments. We have it all under one roof! Whether you are looking to buy, sell, rent or let in Low Fell, Gateshead or the surrounding areas, Andrew Craig should be your first choice of Estate Agent. We have a fantastic team of Sales and Lettings specialists with a wealth of experience on hand to offer advice and support to our clients. We are proud to provide our clients with five star service from start to finish, just read some of our client testimonials below. Our team at Andrew Craig Estate Agents in Low Fell would love to help you move. We have unparalleled experience of the lettings market in Low Fell and across Gateshead, having operated in the industry for nearly 50 Years. With Andrew Craig Full Management, Whether you are an experienced buy to let investor or a first time landlord, we can take care of everything for you. We’ll find your tenant, manage the tenancy and make sure you’re on top of all the lettings regulations. Our Low Fell Lettings Specialist Gill Ellis is on hand to help with any of your lettings queries. We are also able to offer expert Mortgage and Protection advice in Low Fell and Gateshead through our partnership with Mortgages Now. Mortgages Now has access to over 12,000 products from over 90 lenders across the UK, and we will be able to find the most suitable deal, rates and fees for you. Our Low Fell Mortgage Adviser is able to offer you expert Mortgage Advice virtually, in our branch, or from the comfort of your own home. All of our Branches are ably supported by our Hub. Open 7 days a week and until 7 or 8pm Weekdays, our hub is there to take your calls and to make sure we catch those looking to book viewings, valuations or simply ask us for advice outside of the traditional ‘working hours’. We want to make sure that we’re available when our clients are!