Consett, 43 Middle Street

Rent: £15,000 - £15,000

Sale price: £150,000

Region: County Durham

Town/City: Consett

LOCATION/SITUATION
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.

 

ACCOMMODATION
Arranged over ground floor and first floor only, with the following approximate dimensions and floor areas:

Shop Depth	17.70m	58’1”
Internal Width	6.55m	21’6”
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.

 

LEASE TERMS
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.

 

EPC
The property has an Energy Performance rating of B 43.

 

BUSINESS RATES

Rateable Value	£11,500
2022/2023 UBR	£0.499
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.

 

COSTS/VAT
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.

 

VIEWING
For enquiries, viewing, and general information, please contact @retail
Jonathan Chapman
E: jonathan@atretail.co.uk
M: 07949 938210

 

Or our Joint Agents, Brackenridge Hanson Tate Surveyors,
Tom Grimshaw

E: tom@bht.uk.com
M: 07827 965146