80 Main Street

PRICE AMENDMENT!

PROMINENT TOWN CENTRE PROPERTY WITH GROUND FLOOR RETAIL PREMISES AND TWO FLATS ABOVE

The commerical premises comprise a substantial three storey property in the centre of Newcastle, which would be suitable for variety of uses (STPP). The premises currently comprise a ground floor retail unit with the upper first and second floors used for residential accommodation, currently divided into two one-bedroom flats.

Description  The property comprises a substantial three story building which currently provides retail accommodation on the ground floor with residential accommodation (in need of updating) on the upper floors.  The ground floor unit is currently occupied as a hot food carry out.

Accommodation  The retail premises extend to approximately 750 square feet (70 square metres) and has been measured in accordance with the RICS Code of Measuring Practice, all areas being net internal and approximate:

Shop Area:  350 square feet (32.5 square metres)

Kitchen Area:  200 square feet (18.5 square metres)

WC

Rear Yard Area

First & Second Floors:

FLAT No. 1 (No. 78A)

Entrance Hall

Living Room:  15’6” x 13’11”

Kitchen:  9’5” x 8’6”

Bedroom:  12’6” x 8’10”

Bathroom and WC

FLAT No. 2 (No. 78B)

Entrance Hall

Living Room:   15’6” x 13’11”

Kitchen:  9’5” x 8’6”

Bedroom:  12’6” x 8’10”

Bathroom and WC

Tenancy  The current tenant is over-holding and the current annual rent for the entire property is £19,200 per annum, plus rates.

Title  We have been advised the property is freehold.

Rates  We have been advised by the Land and Property Services website that the current Net Annual Value (NAV) of the commerical premises (No. 80) is £5,050.  The annual rates are approximately £3,034.   The upper floors are assessed as residential accommodation.

PLEASE NOTE: The premises are offered subject to contract, availability and confirmation of details.  Unless otherwise stated, all prices quoted are exclusive of Value Added Tax.  These particulars are issued on the understanding that all negotiations are conducted through this firm.  All measurements quoted are approximate and are for general guidance only. The location plan is identification and convenience purposes only.  Any  fixtures, fittings, services, heating systems, appliances or installations referred to in these particulars have not been tested and therefore no guarantee can be given that they are in working order.  Photographs have been produced for general information and it cannot be inferred that any item shown is included with the property.