Property description
SITUATION
Quorum Business Park is located 5 mils to the north of Newcastle City Centre on the A189 and is easily accessible from the A19 and A1 (M).
The park is surrounded by the residential suburbs of Longbenton, West Moor, Benton and High Heaton and is situated less than one mile from Four Lane Ends public transport interchange. There is a subsidised Quorum shuttle bus providing 104 connections per day between Quorum and Four Lane Ends, which is served by 437 metro services and over 1,000 bus services every day.
Quorum Retail Parade is prominently situated at the entrance of Quorum Business Park which currently comprises 900,000 square feet and when fully let total employee numbers at the park are projected to be up to 10,000 people.
As well as office occupiers including Tesco Bank, HMRC, Covergys, Balfour Beatty and IBM, other occupiers include Kids First Nursery, Tesco Express, Greggs and Eat At.
ACCOMMODATION
The retail parade comprises three retail units occupied by Tesco, Greggs and Eat At, together with free dedicated car parking.
TERMS
The property is available by way of a new eFRI lease for a term of years to be agreed at a rental of £15 (Fifteen Pounds) per square foot per annum and incorporating rent reviews at each fifth anniversary as appropriate.
Service charge is applicable and details are available upon request.
Alternatively, our client may sell the property and more information is available on request.
RATING ASSESSMENT
The unit is yet to be assessed for the purpose of rating, however interested parties are advised to contact the Valuation Office Agency for further guidance, Tel: 0845 602 1507.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
VIEWING
For general enquiries and viewing arrangements please contact joint agents Bradley Hall Chartered Surveyors or @Retail on 0191 280 4236.
Property Features :
- A3 planning consent
- Total size 222.97m² (2,400ft²)
- Prominent position on busy business park
- New eFRI lease available
- Viewing by appointment