162 Northumberland Street
Newcastle Upon Tyne
Tyne And Wear
NE1

All prices, premiums and rents, etc are quoted exclusive of VAT at the prevailing rate.

In a prominent location at the northern end of Northumberland Street at the corner with St Marys Place. The premises are occupied by TSB Bank plc. Other nearby retailers in the immediate vicinity include Halifax, Boots, Leeds Building Society, Pret A Manger, Starbucks and KFC with the Haymarket Metro Station directly adjacent.

Basement, ground, first and second floor accommodation.

For business rating information please visit the Valuation Office Agency website www.voa.gov.uk.

Strictly by prior appointment through the agents.

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

The property was originally let to Lloyds TSB Bank from 01/12/2010 expiring 30/11/2020. A reversionary lease was agreed with TSB Bank plc commencing 01/12/2020 and expiring 30/11/2025. the current passing rent is £270,000 pax. A new lease for a term of 5 years has been signed from 01/12/2025 at a rent of £255,000 pax with a Tenant option to break on 02/12/2028. Offers in excess of £2,600,000 are required which shows a NIY of 9.25% net of standard purchasers costs of 6.09%.

B-42