Rent: £15,000 - £15,000
Sale price: £150,000
Region: County Durham
Consett is a popular and busy market town located approximately 12 miles southwest of Newcastle upon Tyne and 11 miles northwest of Durham. The property lies in the heart of the town centre on Middle Street, Consett’s prime retailing thoroughfare and provides an attractive location where several major retailers are located.
The property has a direct access to the main town centres 150 space car park via an alleyway to the side of the premises.
Arranged over ground floor and first floor only, with the following approximate dimensions and floor areas:
|Ground Floor Area||108.41 m2||1,167 ft2|
|First Floor Area||40.88 m2||440 ft2|
The ground floor has been sub-divided to provide WC facilities at the rear. Loading is available via the service lane running along the rear of the premises.
A new effective Full Repairing & Insuring lease for a term to be
agreed is available at a rent of £15,000 per annum exclusive.
Alternatively, the property may be available on a freehold basis, offers are sought in the region of £150,000.
The property has an Energy Performance rating of B 43.
|Estimated Rates Payable||£5,740|
Given the Rateable Value is below £12,000, the current rates relief for the property equates to 100% discount for most occupiers. Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.
Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.
For enquiries, viewing, and general information, please contact @retail
M: 07949 938210
Or our Joint Agents, Brackenridge Hanson Tate Surveyors,
M: 07827 965146
Property type: Retail
Rateable value: £11,500
Planning use: E
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