141 High Street, Wrekenton, Gateshead, NE9
Freehold £150,000

FOR SALE - PROMINENT RETAIL PROPERTY                                                                         

LOCATION
Wrekenton is a suburban area located within the metropolitan borough of Gateshead. Situated to the South of the River Tyne and Gateshead town centre, Wrekenton is bordered by other local including Low Fell, Eighton Banks, and Springwell Village.

The area is well-connected by road, with the A1(M) motorway nearby, providing easy access to the wider region. Wrekenton benefits from a network of bus services that connect it to Gateshead, Newcastle, and the surrounding areas.

The needs of the community are well catered for as Wrekenton has a range of local shops, national supermarkets, services / social opportunities, primary and secondary schools and healthcare facilities. The Queen Elizabeth Hospital is located approximately 1 mile away, in Sheriff Hill.

SITUATION
The property occupies a prominent roadside position on High Street, which serves as Wrekenton's main thoroughfare and commercial hub.

Surrounding occupiers include; Aldi, Lidl, Farmfoods, Spar, Greggs, Lloyds Pharmacy and Betfred.

DESCRIPTION
The building comprises a mid-terrace commercial property of brick and blockwork construction, under a pitched slate roof to the main building and pitched felt roof to the rear extension. The premises is well presented with a double fronted glazed retail frontage with signage over and secured by 2no. electric roller shutters.

The property is arranged over two floors, both being used most recently as showroom / retail accommodation. Kitchen and WC facilities are conveniently located at ground floor.

Externally the property benefits from a private yard to the rear, which is accessed off Springwell Road.

ACCOMMODATION
Ground Floor: 109.16 sq m (1,175 sq ft)
First Floor: 55.00 sq m (592 sq ft)

Total: 164.15 sq m (1,767 sq ft)

TERMS
We are instructed to seek £150,000 for the benefit of our clients Freehold interest.

ENERGY PERFORMANCE
EPC rating 69 C.

BUSINESS RATES
Rateable Value: £13,500 (Effective 1st April 2023)
Estimated Rates Payable : £3,368.25 (2024/25)

Our estimate is calculated by applying the appropriate Business Rate Multiplier to the RV and adjusting for Small Business Rate Relief, in cases where the RV indicates that it may be available. Not all properties or 'small businesses' qualify for relief. It is important that interested parties confirm the accuracy of this information and the actual rates payable with the Local Authority.

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Graham S Hall upon this basis and where silent, offers will be deemed net of VAT.

LEGAL COSTS
Each party to be responsible for their own costs incurred in this transaction.

ANTI-MONEY LAUNDERING REGULATIONS
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the purchaser.

VIEWING & FURTHER INFORMATION
For general enquiries and viewing arrangements please contact Sole Agents: Graham S Hall Chartered Surveyors.