Retail unit — Newcastle (BT1)

The quoting rent is £1,286,573 pa across 28,834 sq ft. Total occupancy cost also includes business rates (estimated £411,602 a year based on a rateable value of £824,853), buildings insurance, utilities and any fit-out. Rates, service charge and insurance are indicative — confirm the current figures with the marketing agent before you commit.

Lease length, break options, rent reviews and repairing obligations are agreed with the landlord — most UK commercial leases run 3 to 10 years with a tenant break and upward-only reviews at five-year intervals. Ask the marketing agent whether the lease is inside or outside the security-of-tenure provisions of the Landlord and Tenant Act 1954, and whether a rent-free fit-out period is on offer.

The listed use class is Sui Generis within the retail sector. Since the 2020 Use Classes Order many commercial, business and service uses sit within Class E and can change without a planning application, but sui generis uses (such as drinking establishments, hot food takeaways and cinemas) do not. Confirm the permitted use and any restrictive covenants with the local planning authority before signing.

Use the enquiry form on this listing to request a brochure, book an inspection or submit terms — it goes straight to the marketing agent, who normally responds within one working day. Offers on commercial property are made subject to contract and, where relevant, subject to survey and board approval; heads of terms are then issued to both solicitors.