Skip to content
Chester le Street, 51 Front Street

Rent: £37,500 - £37,500

Region: County Durham

Town/City: Chester le Street


LOCATION

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.

 

ACCOMMODATION
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

 

SUBDIVISION
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.

 

TENURE
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.

 

VAT
All figures quoted in these terms are exclusive of VAT where chargeable.

 

RATES
According to the Valuation Office Website – https://www.tax.service.gov.uk/business-ratesfind/search, the 2018 Draft Rating Assessment is as follows:-

Rateable Value  £44,750
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.

 

LEGAL COSTS
Each party will bear their own legal costs incurred in connection with the transaction.

 

VIEWING/FURTHER INFORMATION
By prior appointment through @retail:
Ian Thurlbeck
DD: 0191 280 4236
Mob: 07515 831 417
Email: iant@atretail.co.uk

Property type: Retail

Rateable value: £44,750

Planning use: A1

Talk to us about retail property

Get in touch with our local expert consultants to start a discussion about your requirements.

Contact us now