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Houghton le Spring, 97 High Street

Rent: £6,440 - £6,440

Region: County Durham

Town/City: Houghton le Spring


SITUATION
The property sits prominently on South Hetton Road (A182), the main link between the A690 and the A19, in Easington Lane, a densely populated village within the Houghton le Spring area. There is a loading bay and pedestrian crossing immediately outside of the property and there is ample parking within a short walk.

 

ACCOMMODATION
Arranged over ground floor with customer WC facilities and staff kitchen/WC facilities at the rear.

Internal Width (max) 4.82m 15’10“
Shop Depth 9.65m 31’8”
 Ground Floor Sales 46m² 495ft²
Staff Kitchen 5m² 56ft²

LEASE TERMS
The premises are occupied by way of an existing effective FRI lease expiring 27th February 2027 at a passing rental of £6,440 per annum exclusive.
Sub Leases and Short-Term Deals will be considered subject to negotiation.

 

EPC
The property has an Energy Performance Certificate of Band D (92). A copy of the EPC is available upon request.

 

BUSINESS RATES

Rateable Value £4,150
2020/2021 UBR £0.499
Estimated Rates Payable £2,070

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
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
T: 0191 280 4237
M: 07949 938210

Property type: Retail

Rateable value: £4510

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