* Total Ground Floor c. 111 sq m (1, 191 sq ft)
* High Volumes of Passing Traffic
* Would Suit a Variety of Uses
* Small Business Rate Relief Available (Subject to Eligibility)
* Redevelopment Potential
* Rent £11, 500 pax
* Freehold Offers Over £130, 000
**Location**
Stanhope is a market town in the North East of Weardale in County Durham, the
gateway to the North Pennines, located approximately 13 miles to the south
west of Consett and 20 miles south of Hexham.
The subject property is prominently located on Front Street, which is the main
thoroughfare through Stanhope.
**Description**
The subject property is a three - storey, terraced former bank of traditional
brick, block and stone construction under a pitched slate tile roof. The
property provides ground floor sales (former banking hall) together with
ancillary storage and kitchen / wc facilities at the first and second floors.
**Accommodation**
Ground Floor - 110. 64 sq m (1, 191 sq ft)
First Floor - 49. 70 sqm (535 sq ft)
Second Floor - 30. 47 sq m (328 sq ft)
Total - 190. 82 sq m (2, 054 sq ft)
**Terms**
The premises are available by way of a new tenant full repairing and insuring
lease (Fri) for a term of years to be agreed at a rent of £11, 500 pax.
Alternatively, our client will consider offers over £130, 000 for the benefit
of their Freehold interest.
**Business rates**
Rateable Value : £8, 500
Estimated Rates Payable: £0
Our estimates are calculated by applying the appropriate Business Rate
Multiplier to the rv and adjusting for Small Business Rate Relief, in cases
where the rv indicates that it may be available. Not all properties or 'small
businesses' qualify for relief. It is important that interested parties
confirm the accuracy of this information and the actual rates payable with the
Local Authority.
**Energy performance**
EPC rating E 125.
**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 & further information**
For general enquiries and viewing arrangements please contact Sole Agents
Graham S Hall Chartered Surveyors.

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