Retail premises to let in 24 Front Street, Consett DH8, £20,000 pa

20,000.00 per month

Offer Nr.:
61792141
Type of ad:
to Rent
Property type:
Retail premises to let
Contact name:
Graham S Hall Chartered Surveyors
Phone(s):
0191 392 0630

* Unfurnished
* Ground Floor Retail Extending c. 135 sq m (1, 453 sq ft)
* Total Size c. 265 sq m (2, 853 sq ft)
* Consett is a Popular Co. Durham Town with an Estimated Population of 37, 000
* Approximately 14 Miles South - West of Newcastle & 13 Miles North - West of Durham
* Prominent Position on Front Street with Large Volumes of Passing Traffic
* Surrounding Occupiers: Jd Wetherspoon, Subway, Lloyds Bank & Barclays Bank
* Newly Refurbished; New Shop Front, New Electronic Roller Shutter, Etc.
* Would Suit a Variety of Uses (Subject to Planning)
* New Fri Lease Available at a Rent of £20, 000 pax
**Location**
Consett is a market town situated 14 miles south - west of Newcastle upon Tyne
and 13 miles north - west of Durham City at the junction of the A691/A692, both
of which provide the link to the A1(M).
Consett is home to over 37, 000 people, growing to 68, 000 people within a
30 - minute drivetime.
**Situation / description**
The subject property occupies a prominent position on Front Street which
benefits from high volumes of passing traffic and footfall. Nearby occupiers
include jd Wetherspoon, Subway, Lloyds Bank, Barclays & My Dentist.
The property comprises a two storey retail unit with ground floor sales and
first floor ancillary storage. The property has undergone significant
refurbishment, including: New shop front, new electronic roller shutter,
external rendering and internal redecoration.
**Accommodation**
Ground Floor Retail: 135 sq m (1, 453 sq ft)
Kitchen Facilities
First Floor Storage: 130 sq m (1, 400 sq ft)
WC Facilities
Total: 265 sq m (2, 853 sq ft)
**Terms**
The property is available by way of a new Fri lease for a term of years to be
agreed at a rent of £20, 000 pax.
**Rating assessment**
We understand that the premises have a rateable value of £10, 750 effective
from 1st April 2017. Under current government legislation, Small Business Rate
Relief could result in no rates being payable (subject to eligibility).
It is recommended that any interested party confirm the accuracy of this
information and the rates payable with the Local Authority. As a new occupier,
rights of appeal may exist against the assessment.
**Energy performance**
The property has an EPC rating of 94 within band D.
**VAT**
All rents, premiums and purchase prices quoted herein are exclusive of VAT.
All offers are to be made to Graham S Hall upon this basis and where silent,
offers will be deemed net of VAT.
**Legal costs**
Each party to be responsible for their own costs incurred in this transaction.
**Anti - money laundering regulations**
In accordance with anti - money laundering regulations, two forms of
identification and confirmation of the source of funding will be required from
the purchaser / tenant.
**Viewing**
For general enquiries and viewing arrangements please contact sole agents
Graham S Hall Chartered Surveyors

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