Property Details

 
OIRO £41,600
1 bedroom
Brighthouse, Front Street, Chester le Street
    • Retail Unit to LET
    • Marketed by Fairs Estates
    • Close To City Centre
    • EPC Rating E
    • Vacant Possession
     
    Prominent Shop Premises

    22-26 Front St, Chester-le-Street DH3 3BE.
    Great Shop Premises to be viewed at the soonest,
    in the vicinity of neighbouring major retail traders,
    offering massive complimentary potential & progression.
    Location

    The popular St Cuthbert’s Walk Shopping Centre is on Front Street which dominates the retail amenities of the popular bustling market town of Chester-le-Street.

    The entire area extends to an approximate 60,000 sq ft whilst also offering 370 car parking spaces.

    The interconnected roads & highways to Chester-le-Street are efficient & effective, with access via the A167 to Durham and the South and the A692 to Stanley in the West.

    The bustling town of Chester-le-Street also lies off junction 63 of the A1(M) which provides excellent access to Newcastle, Gateshead, Darlington, Durham and all major road networks.

    Description

    The subject property comprises a ground floor shop extending front area is an approximate 250m2 including internal office, the rear area divided by a partition wall is an approximate 650m2 including office & WCs areas.

    The unit is of an excellent standard offering full security & loading bay to rear, boasts security shuttering and offers a substantial frontage onto the busy thoroughfare of Front Street.

    The mid partition wall is able to be removed thus enabling an extensive main showroom area.

    Neighbouring occupiers include Morrison’s, B&M, Iceland Frozen Foods and Boots the Chemist & many more.


    Accommodation

    Ground Floor Retail Sales are approximate….

    Front - 25m x 10m = 250
    Rear - 36m x 18m = 648

    Approximate – 898 (900) SQm2

    Rating assessment

    Description RV Estimated Rates Payable
    Shop & Premises - TBA.

    We are advised that the rateable value of the premises as at 1 April 2017 is £TBA and we have estimated the accrual rates payable for the current year above.

    This premises rateable valuation is likely based on the standard Small Business Rate of 49.1p in the pound. However, interested parties should confirm the current position with the Local Authority.

    EPC rating.

    To be advised.

    Terms

    our client requires a full repair & insuring commercial lease for a term of (years to be agreed) with rental offers of around £800 per week, £41,600 p.a. (possible Incentives available).
    VAT

    All rents, premiums and purchase prices quoted herein are exclusive of VAT.

    Legal costs

    Each party is to bear their own solicitors legal costs involved in the transaction.

    Tenant to cover

    Money laundering regulations

    In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

    Viewing

    For general enquiries and viewing arrangements please contact Fairs Estates on 0191 274 72 71

    Map


    Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.
     
     
    The Property OmbudsmanUK ALAPRSPRS

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