Commercial

The suite is located on the upper commercial level of St Peters Wharf overlooking the Marina. St Peters Wharf forms part of St. Peters Basin which is located off the A186 Walker Road, 3 miles from Newcastle City Centre and the development benefits from a direct bus service into town.

This 1980’s development offers a pleasant mix of residential accommodation together with offices, retail and leisure space all with attractive views across the River Tyne and Marina.

The opportunity is a single storey unit with dual entrances off the upper terrace walkway. The unit is configured to provide an open reception space together with 6 partitioned treatment rooms and separate kitchen facilities. The unit is very well appointed and was refurbished by the current tenant in 2024.

Occupational Lease

Occupied by Coco’s Tanning Lounge Limited (CRN 15450994) on a 5 year lease dated 16th May 2024. The current passing rent is £15,000 per annum with an upward only rent review at the 3rd anniversary and tenant break clause in May 2027.

Property details provided by North East Commercial
EPC rating: C
Council Tax band: N/A
Tenure : The property is held on a long leasehold interest for 125 years from 25th March 1993. A service charge is covered by the tenant.

For Sale By Auction www.agentspropertyauction.com LIVE ONLINE AUCTION 30th SEPTEMBER 2024 OPTION 1

Offices
130 sq.m. (1,400 sq.ft.).

Kitchen

Gents Toilets

Ladies Toilets

4 Car Parking Spaces

Disclaimer 1
The Agents Property Auction have not inspected this property. The property details have been supplied by NEC. None of the services have been tested. Measurements, where given, are approximate and for descriptive purposes only. Boundaries cannot be guaranteed and must be checked by solicitors prior to exchanging contracts. The details are provided in good faith, are set out as a general guide only and do not constitute any part of a contract. No member of staff has any authority to make or give representation or warranty in relation to this property.
For sale by auction see www.agentspropertyauction.com

Disclaimer 2
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+vat (total £2400) Auction Administration Fee. At your request we can refer you to a North East based Solicitor from our panel. It is your decision whether you choose to deal with them, should you decide to use them you should know that we would receive a referral fee of £180 including Vat from them for the recommendation.

Disclaimer 3
A copy of the title is available upon request, we recommend all potential buyers take legal advice, satisfy their requirements on all matters and have finance in place prior to purchase.

Details awaiting vendors approval.

Disclaimer 4
We are advised by the seller that the property has mains provided gas, electricity, water (high risk of surface water flooding) and sewerage.

The energy performance certificate attached advises the property is brick built and provides further details regarding the property’s construction.

Ofcom website states the average broadband download speed of 6Mbps the fastest package at this postcode: NE6 1TZ and mobile coverage is provided by EE 9limited indoor), Three, 02 and Vodaphone (limited indoor).