Retail premises for sale in London Road, Chesterton, Newcastle ST5, £65,000

65,000.00

Offer Nr.:
64256500
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Butters John Bee - Commercial
Phone(s):
01782 933454

* Freehold
A two storey mixed use property within the village of Chesterton. The property
has a shared entrance hall for the ground floor and first floor, and then
individual access doors. The property is in need of updating and
modernisation.
**Description**
Two storey mixed use property with cellar and rear yard. The ground floor has
previously been used as a barbers shop and the first floor is a 1 bedroom
flat. There is currently a tenant on an informal agreement in the first floor
paying £320 pcm (£3, 840 pa) who would like to remain and we understand he
would be willing to sign a AST agreement with the new purchaser.
**Location**
The property is located on London Road Chesterton, one of the main roads
running through the village and a short drive away from A34 leading to
Newcastle town centre in one direction and to A500 and M6 in the other
direction.
**Accommodation**
Ground Floor
Retail : 314 sq ft (29. 19 sq m)
Rear porch : 25 sq ft (2. 32 sq m)
W. C
First Floor
Bedroom : 127 sq ft (17. 79 sq m)
Kitchen / Diner : 135 sq ft (12. 57 sq m)
Bathroom
Total : 601 sq ft (55. 87 sq m)
**Services**
All mains services are available subject to any reconnection which may be
necessary.
**Planning**
Bjb recommend that potential occupiers make their own enquiries to the local
authority in order to satisfy themselves that their proposed use is authorised
in planning terms.
**Rating**
The voa website advises the rateable value for 2023/24 is £2, 700. The standard
non - domestic business rates multiplier is 51. 2p. The small business multiplier
is 49. 9p up to a rateable value of £50, 999. Small Business may benefit for
upto100% on premises with a rateable value of up to £12, 000 and a tapered
relief for rateable values between £12, 000 and £15, 000.
Bjb recommends interested parties make their own enquiries into the business
rate payable any further business rate relief which may be available.
**Tenure - Freehold**
Freehold with vacant possession.
The first floor is currently occupied and the tenant would like to remain,
therefore he is happy to sign a new lease if buyers would like a tenant.
**Proof Of Identity**
To comply with Money Laundering Regulations, on acceptance of an offer for
purchase or letting, the buyer or prospective tenant will be required to
provide identification to Butters John Bee. Where a property is due to go to
auction, all bidders will be required to register prior to auction.
**Legal Costs - Sale**
Each party is responsible for their own legal costs in respect of the sale of
this premises.
**Viewing**
Strictly by appointment via bjb commercial, Suite 1, Albion House, No. 2
Etruria Office Village, Forge Lane, Festival Park, Stoke - on - Trent, ST1 5RQ
Telephone . Opening hours are 9. 00 - 5. 30pm, Monday to Friday.

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