Rent: £25,000 - £50,000
Region: County Durham
Town/City: Houghton le Spring
SITUATION
The property is centrally located in Newbottle Street within the centre of Houghton le Spring close to a number of National occupiers directly opposite the Post Office and close to the main bus stops. The premises benefit from being largely fitted out with suspended ceiling, substantial display frontage and electric roller shutters.
ACCOMMODATION
Arranged over ground & first floors, with WC facilities at the rear of the ground floor and kitchen/storage/training rooms on the first floor.
| Net Frontage | 18.54m | 60‘10“ |
| Ground Floor Sales | 286.51 m² | 3,084ft² |
| First Floor | 388 m² | 4,180 ft² |
The ground floor area can be sub-divided to provide two retail units with a sales area of circa 111m2 (1,200ft2) and 174m2 (1,875ft2), further details are available upon request.
LEASE TERMS
A new Full Repairing & Insuring lease for a term to be agreed from £25,000 per annum exclusive.
EPC
The property has an Energy Performance Certificate of D (82), although this is for the whole building, so a re-assessment will be required. A copy of the EPC is available upon request.
BUSINESS RATES
| Rateable Value | £49,750 |
| 2020/2021 UBR | £0.49 |
| Estimated Rates Payable | £24,378 |
Please note this is an estimated figure for budgetary purposes as the premises will need to be re-assessed once subdivided. Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.
COSTS
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:
Jonathan Chapman
E: jonathan@atretail.co.uk
M: 07949 938210
Property type: Retail
Rateable value: £49,750
Planning use: E
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