Offers in region of
£195,000
(£112.98/sq. ft)
Retail premises for salePark Avenue, Whitley Bay NE26
1,726 sq. ft
About this property
Location
The property is situated close to the junction of Park Avenue and Whitley Road – directly across from the Park View Shopping Centre. The building has access to the rear via a back lane accessible from York Road and Whitley Road.
Nearby occupiers include Sainsbury’s, Iceland, Snap Fitness plus several local retailers.
Accommodation
The property provides a ground floor retail unit (10 Park Avenue) which has sales space to the front and storage space to the rear of the sales area. Within the rear area is a small sink unit / kitchen plus a WC facility. A separate external entrance provides access to a restaurant (12 Park Avenue) at first floor which trades as “The Bangkok Palace”, which has not been inspected at this stage. There is access to both the ground & the first floor from the rear.The following floor areas are provided:
Ground Floor Sales 82.9 sqm 892 sqft
First Floor* 77.5 sqm 834 sqft
Total Area 160.4 sqm 1726 sqft
* Valuation office areas
Business rates
From 1st April 2026 the Business rates are listed as follows:
10 Park Avenue rv £11,000
12 Park Avenue rv £ 8,400
See for further details.
Lease terms & price
The ground floor is to be made available by way of a new full repairing and insuring lease for a term to be agreed at an initial rental of £12,500 per annum.
The first floor restaurant is let by way of a 21 year lease dated 1st December 1995. This lease has expired and the tenants are holding over. The passing rental is £5400 per annum.
The client may consider a freehold sale of the building . Offers in the region of £195,000 would be required for the benefit of the freehold interest with the benefit of the restaurant tenancy.
Legal costs, EPC & mlr
Each party to bear their own legal fees in documenting a lease. The landlord reserves the right to seek an undertaking for abortive costs at the point solicitors are instructed & should the tenant withdraw from the transaction once terms are agreed. The environmental performance rating is D84 for no.10 & 109 E for no. 12. Identity documents and accounts will be required for anyone company director seeking to take a lease and verified identity will be required from any purchaser together with information to show source of funds for the purchase.
VAT
All figures within these terms are exclusive of VAT where chargeable
The property is situated close to the junction of Park Avenue and Whitley Road – directly across from the Park View Shopping Centre. The building has access to the rear via a back lane accessible from York Road and Whitley Road.
Nearby occupiers include Sainsbury’s, Iceland, Snap Fitness plus several local retailers.
Accommodation
The property provides a ground floor retail unit (10 Park Avenue) which has sales space to the front and storage space to the rear of the sales area. Within the rear area is a small sink unit / kitchen plus a WC facility. A separate external entrance provides access to a restaurant (12 Park Avenue) at first floor which trades as “The Bangkok Palace”, which has not been inspected at this stage. There is access to both the ground & the first floor from the rear.The following floor areas are provided:
Ground Floor Sales 82.9 sqm 892 sqft
First Floor* 77.5 sqm 834 sqft
Total Area 160.4 sqm 1726 sqft
* Valuation office areas
Business rates
From 1st April 2026 the Business rates are listed as follows:
10 Park Avenue rv £11,000
12 Park Avenue rv £ 8,400
See for further details.
Lease terms & price
The ground floor is to be made available by way of a new full repairing and insuring lease for a term to be agreed at an initial rental of £12,500 per annum.
The first floor restaurant is let by way of a 21 year lease dated 1st December 1995. This lease has expired and the tenants are holding over. The passing rental is £5400 per annum.
The client may consider a freehold sale of the building . Offers in the region of £195,000 would be required for the benefit of the freehold interest with the benefit of the restaurant tenancy.
Legal costs, EPC & mlr
Each party to bear their own legal fees in documenting a lease. The landlord reserves the right to seek an undertaking for abortive costs at the point solicitors are instructed & should the tenant withdraw from the transaction once terms are agreed. The environmental performance rating is D84 for no.10 & 109 E for no. 12. Identity documents and accounts will be required for anyone company director seeking to take a lease and verified identity will be required from any purchaser together with information to show source of funds for the purchase.
VAT
All figures within these terms are exclusive of VAT where chargeable
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