Thursday, 22nd March 2012. 10.30am - 1.30pm
An exciting opportunity now exists for small to medium size businesses to locate to the historic North Shields Fish Quay - North Tyneside’s most recently designated conservation area. The Council aspires to create a mixed use, vibrant and distinctive community on the Quay by providing an excellent, unique and safe environment in which to work and live.
Situated in a beautiful riverside setting, the subject property sits proudly on Clifford’s Fort, a Scheduled Ancient Monument and one of the earliest surviving coastal batteries in the country, dating back to the 17th Centruy. A regeneration project is currently underway, where the last of the redundant fish processing units will be demolished and the Fort will be returned to it’s former splendour.
The building is made up of four former seperate smokehouses, which have been linked by a modern glass structure to form one landmark building. The views toward the river are spectacular. For small to medium sized businesses looking for premises with character and history, there is unlikely to be a better choice. There is a good commercial mix on the Quay, including a number of creative and design agencies.
The refurbishment of the premises in 2006 provided high quality, DDA compliant office/studio accommodation on the ground and first floor. The unit can be let as a whole or as two separate suites with common access. A door entry system, alarm and air conditioning are all included, and there are suitable W.C. facilities and a lift to the first floor.
The subject premises is located at the southern end of North Shields Town Centre, situated within the historic setting of North Shields Fish Quay, which is currently undergoing extensive redevelopment by the private and public sectors.
The properties are within easy walking distance of North Shields Metro Station and Ferry Landing and well serviced by buses. The Tyne Tunnel and A19 are approximately one mile to the west, providing excellent access to regional road networks and to Newcastle City Centre via the A1058 Coast Road.
The premises are currently let under the terms of a five year lease, which is protected under the provisions of the Landlord and Tenant Act 1954, and is due to expire on 17 December 2012. The whole premises are under one lease, at a rent passing of £32,500 per annum plus VAT. This lease is available to let by way of an assignment from the existing tenants. If you wish to discuss the possibility of an assignment of the whole of the lease with the existing tenant, then please contact: Andrew Brown on 0191 296 3242.
Alternatively, the Council as Landlord would be prepared to negotiate a new lease of the premises, subject to agreeing a surrender of the lease with the existing tenant. A new lease of one suite only would also be possible, however preference would be given to parties interested in the whole buidling.
Interested parties are advised to discuss their intentions with a solicitor specialising in commercial property.
(per annum) plus VAT
|Initial Service Charge|
|Whole Building||GIA: 476m2
|NIA: 162m2||POA||To be determined|
|NIA: 97.5m2||POA||To be determined|
All measurements are subject to final checking on site. The rents quoted are exclusive of Value Added Tax, which will be charged at the appropriate rate, and are exclusive of any other outgoings. The standard business rates multiplier as at April 2011 is 43.3p, but additional reductions may be available dependent on business size etc.
Businesses with only one property can apply for Small Business Rates Relief. Until 30 September 2012, eligible ratepayers will receive relief at 100% on properties with RVs up to £6,000 with a tapered relief of between 100% and 0% for properties with RVs from £6,001 to £11,999. Potential tenants should contact the Business Rates Section on 0191 643 2365 to confirm the rates payable.
For an appointment to view the premises, or further information, please contact Brett Devenish (0191 643 6525) or Phil Taylor (0191 643 6926) at Strategic Property Services, Finance and Resources Directorate, Quadrant, Cobalt Business Park, The Silverlink North, North Tyneside, NE27 0BY.