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Houghton le Spring, 31 Newgate Street

Rent: £50,000 - £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, please note the first floor can be split if required.

Net Frontage 18.54m 60‘10“
Ground Floor Sales 286.51 m² 3,084ft²
First Floor 388 m² 4,180 ft²

LEASE TERMS
A new Full Repairing & Insuring lease for a term to be agreed is available at £50,000 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: £49750

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