To Let,Forth Banks, Newcastle upon Tyne, NE1 3PH AWS

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To Let Retail Property

Retail Unit on Forth Banks Forth Banks, Newcastle upon Tyne, NE1 3PH

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272 Sq M (2,927 Sq Ft) A1/A3 Retail Opportunity Adjacent to Stephenson Quarter Within New Build Residential Accommodation

Lambert Smith Hampton Second Floor, 41-51 Grey Street, Newcastle Upon Tyne NE1 6EE T +(0)191 232 6291

Forth Banks, Newcastle upon Tyne, NE1 3PH

Location

Business Rates Interested parties are advised to contact the local rates office to confirm the rates payable. Terms A new lease is available and the length of term is to be agreed. The asking rent is £30,000 per annum.

Forth Banks (B1600) forms part of a major regeneration area in Newcastle upon Tyne strategically located to the south of the Centre for Life and immediately west of The Stephenson Quarter. There are a number of residential led schemes either in planning or development stages making the potential customer base an exciting opportunity for any occupier. Nearby is the newly constructed Crowne Plaza Hotel, Boiler Shop and numerous offices; either developed; such as the Rocket office building, or in the pipeline such as the vast 6 storey Phoenix House. Newcastle city centre railway station is easily accessible with the pubs and bars of The Quayside located a short walk along Close Road. There is ample parking opposite the subject retail property in The Stephenson Quarter car-park.

The Development The unit is situated on the ground floor of a large build to rent residential scheme of 280 apartments with further developments close to the subject scheme in the pipeline. This includes the Calders Site where planning has previously been granted for 528 residential homes as well the Former Cemex Site where a further residential development of approximately 300 units are planned for development. The subject building is proposed to contain 79 One Bedroom Apartments, 178 Two Bedroom Apartments and 26 Three bedroom Apartments providing a large immediate footfall potentially in excess of 500 people for the prospective tenant. Viewing and Further Information Viewing strictly by prior appointment with the sole agent: David Robinson Lambert Smith Hampton 0191 338 8306 [email protected]

Description The retail unit is designed to be of modern construction with good frontage onto Forth Banks. The unit benefits from a 75 KVA power source, water and drainage and access is provided by either a ramp or stairs. The retail unit is of a rectangular shape maximising its facade onto Forth Banks, a copy of the architects plan can be provided upon request. Accommodation The architects plan has detailed the unit at c2,927 sq ft once complete. VAT All prices, premiums and rents etc. are quoted exclusive of VAT at the prevailing rate.

27th October 2017

Legal Costs Each party to be responsible for their own legal costs incurred in any transaction.

© Lambert Smith Hampton Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.