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Arch 10 Forth Street
Newcastle upon Tyne - NE1 3NZ

This property is currently under offer

Property Reference:NCL09102

Size:690 sq ft (64 sq m)

Town / City:Newcastle upon Tyne

Rent: £14,754 Per Annum + VAT

Monthly Rent: £1,230

Type:Retail, Office, Leisure

Available From:Immediately

Local Authority:Newcastle City Council

Deposit:£3688.50

Description:

Contemporary Business Unit on two floors comprising:- Double Glazed Shop Frontage, Full roof and wall linings, Laminate Flooring, full electrics, Interior Security Shutter, Toilet and Kitchen Facility with hot water heater.

Key Details:
  • Secure Business Unit
  • Glazed Shop Frontage
  • Toilet & Kitchenette
  • Mezzanine Floor
  • Security Shutter
Other Information:

All applications to be submitted in writing to:- The Commercial Lettings Department, Network Rail Property, 3A George Stephenson House, Toft Green, York, North Yorkshire, YO1 6JT.

Location Description:

Arch 10 Forth Street can be found within a parade of smart retail/office units, along the south side of Newcastle Central Railway Station, between Westgate Road and Forth Banks. It is also close to the Metro and the Quayside.

Property Agreement:

Available on Network Rail Property's Solutions Tenancy Agreement.

The benefits of this are:
 
Rental payments can be made monthly by direct debit
Rent increases are applied annually and are aligned to the Retail Price Index (RPI).

Tenants are able to serve 3 months notice to end their tenancy

Solutions RPI: +1%

Insurance:

The tenant is to pay the sum of £185.61 per annum in respect of a contribution to insurance.

User Planning:

The premises have planning consent for A1 - Retail, A2 - Office and A3 - Leisure use. The previous use was a cycle shop.

Business Rates:

Payable by the tenant, please contact the local authority for details.

Service Charge:

There is no Service Charge attached to this property.

Maintenance:

The tenant is responsible for all repairs and maintenance to the property with the exception of the viaduct structure.

Costs:

Tenant to contribute £395.00 + VAT towards the documentation and administration.

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