* Unfurnished
**Location**
The subject property is located on a prominent high street in Meadowfield,
Durham comprising a mixtures of built of residential and commercial uses. The
property is located on the A690, which is the main road that passes through
Meadowfield, it provides great access into Durham City Centre and subsequently
the A1(M).
**Description**
The subject property comprises of a two - storey mixed use building with slate
pitched roof. The ground floor is currently vacant and ready for occupation.
It was formerly a Tanning Salon which briefly comprises sales area, kitchen
and w/c to rear, with recessed glazed frontage, secured by an automatic roller
shutter. Further benefits include, laminate flooring, 3 phase electric and gas
supply. The first floor comprises a 2 bedroom flat which is currently occupied
and produces an annual rent of £5, 640.
**Accommodation**
Retail
Front Sales 30. 55 m² (329 ft²)
Rear Sales 23. 31 m² (251 ft²)
Kitchen 8. 40 m² ( 90 ft²)
W/C 2. 80 m² (251 ft²)
Total 65. 06 m² (700 ft²)
Residential
2 bedroom flat 72. 00 m² (775 ft²)
Total 137. 06m2 (1, 475 ft2)
**EPC rating**
D87
**Rating assessment**
The rateable value of the premises as at 1 April 2023 is £5, 700 and the
estimated rates payable for the current year is £2, 844. 30. This is based on
the standard uniform business rates multiplier of 49. 9p in the pound. The
property is eligible for full business rates relief, subject to certain
criteria. Interested parties should confirm the current position with the
Local Authority.
**Terms/asking price**
The retail premises is available to let for £7, 500 (Seven Thousand Five
Hundred pounds) per annum on a new Internal Repairing and Insuring lease for a
term of years to be agreed.
The Freehold is available for sale at an asking price of £135, 000.
**VAT**
The property is not elected for VAT.
**Legal costs**
Each party is to bear their own legal costs involved in the transaction.
**Anti - money laundering regulations**
In accordance with the Anti - Money Laundering Regulations we are required to
verify the identify of the Purchaser/Tenant. We will do so based on name and
address data provided but we may also require you to provide two forms of
identification. We will require the Purchaser/Tenant to provide proof of the
source of income.

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