Rent: £37,500 - £37,500
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 which is anchored by a Morrisons Supermarket. Also situated in close proximity with national retailers in the immediate vicinity including Halifax Building Society, Superdrug and Specsavers. Newer tenants in the immediate location include B&M Bargains, Peacocks, Costa and BetFred adjacent.
The property provides a large ground floor retail unit with rear loading and basement storage and is fitted to a high standard and ready for immediate occupation with nominal improvements if so required.
The unit provides the following approximate areas:-
|Ground Floor NIA||247.46 sq m||2,664 sq ft|
|Basement||36.34 sq m||391 sq ft|
|Internal Width||12.35 m||40 ft 6 ins|
|Shop Depth||22.73 m||74 ft 7 ins|
There is potential to subdivide the property into two smaller units, providing the following approximate areas:-
|Unit 1||123 sq m||1,324 sq ft|
|Unit 2||91 sq m||980 sq ft|
Further details available upon request.
The property in full is available by way of a new full £37,500 per annum exclusive. Rents of the smaller units available upon request.
Various incentives are available to prospective tenants, subject to status. Further details available upon request.
All figures quoted in these terms are exclusive of VAT where chargeable.
According to the Valuation Office Website – https://www.tax.service.gov.uk/business-ratesfind/search, the 2018 Draft Rating Assessment is as follows:-
|Rates Payable for year commencing 1 April 2018||£21,480|
Interested parties should make their own enquiries as subject to individual circumstances the actual amount payable may vary.
Each party will bear their own legal costs incurred in connection with the transaction.
By prior appointment through @retail:
DD: 0191 280 4236
Mob: 07515 831 417
Property type: Retail
Rateable value: £44,750
Planning use: A1
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