Rent: £Price on Application
Sale price: £Price on Application
Region: County Durham
Town/City: Chester le Street
Chester Le Street is situated 8 miles north of Durham and 12 miles west of Sunderland, and is easily accessed via the East Coast Main Line or the A1(M), which runs by the west of the town. According to the 2001 census information the town has a population of just over 36,000 persons within the district of 53,692 persons.
The unit is situated on Front Street, the town’s principal retailing location in close proximity to St Cuthbert’s Walk Shopping Centre entrance which is anchored by a Morrisons Supermarket. Also situated in the immediate vicinity includes national retailers such as; Nationwide Building Society, Coral, M&Co, Boots, Peacocks and B&M Bargains.
The property currently provides the following approximate dimensions and floor areas:-
|Ground Floor||761.25 m²||8,194 ft²|
|FF & SF (Accommodation)||188.60 m²||2,030 ft²|
|Basement||73.70 m²||793 ft²|
Alternatively, there is scope for the premises to be separated into 3 units with the following estimated floor areas:
|Unit 1||296.97 m²||3,196 ft²|
|Unit 2||229.50 m²||2,470 ft²|
|Unit 3||234.78 m²||2,527 ft²|
A visual breakdown of this split and the full space is shown on the plan overleaf. Additionally, the accommodation benefits from a considerable external area to the side and rear that could
cater for car parking facilities or be suitable for an external area to benefit the occupiers use.
The property is available on a new full repairing lease for a term to be negotiated incorporating 5 yearly upward only rent reviews. Landlords works and incentives are available including provision of rent free, new shop frontages, or other works undertaken for specific operators uses.
Each party to be responsible for their own legal costs incurred in connection with any transaction.
Rent on Application (dependant on individual requirements).
Alternatively, the current owner may consider selling the whole or part. Further details upon request.
ENERGY PERFORMANCE CERTIFICATE
Available upon request. Reassessment required subject to any works or division of space.
All figures quoted in these terms are exclusive of VAT where chargeable.
According to the Valuation Office Website – the 2018/19 Rating Assessment is as follows:-
This rateable value is subject to change depending onany splits undertaken but currently applies to the full premises.
For further information please contact :-
DD: 0191 280 4239
Mob: 07713 151 970
DD: 0191 280 4236
Mob: 07515 831 417
Property type: Retail
Rateable value: £78,000
Planning use: Suitable for retail or leisure
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