Property description
SITUATION
Chester-le-Street is a large market town situated approximately 6 miles to the north of Durham City and 9 miles to the south of Newcastle Upon Tyne. Access to the A1(M) is obtained approximately 1 mile to the north east of the town centre.
The subject property is situated at the north end of the main retail area of the front street close to Market Place which has 3 busy Market days a week. Surrounding occupiers include Dominos Pizza, Venture Estate Agents, Franks Factory Flooring and Tesco Superstore.
DESCRIPTION
The subject property comprises a modern ground floor retail unit within a two storey brick built building surrounded by other retail units to ground level and several office users to first. On street parking is available to the front of the property.
ACCOMMODATION
The accommodation briefly comprises:
Gross Frontage
5.89m
(19’4”)
Ground Floor Sales (NIA) 157.37m2 (1,694 ft2)
TERMS
The property is available on a new lease for a minimum term of 5 years subject to 3 yearly rent reviews and on an EFRI basis.
RATING ASSESSMENT
We understand that the rating assessments on the premises as at 1 April 2010 is as follows, although we would advise that some of the assessments may have been the subject of appeals and any interested party should confirm the current position with the Local Authority.
Description
RV
UBR
Shop & Premises
21,000
47.1 p
As a new occupier rights of appeal may exist against this assessment. For further information contact our Rating Department at this office.
ENERGY PERFORMANCE
The property has an energy performance rating of 68 within Band C.
LEGAL COSTS
The ingoing tenant is to be responsible for our clients reasonable legal costs involved in the transaction.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis and where silent, offers will be deemed net of VAT.
VIEWING
For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors and ask for Daryl Carr, the surveyor dealing with this property. Email: daryl.carr@bradleyhall.co.uk.
Property Features :
- Ground floor self contained retail unit To Let
- Extending to 157.37m2 (1,694sqft)
- New effective full repairing and insuring lease
- Situated on a Retail Parade at the North end of the Primary Shopping Street overlooking the Market
- Currently fitted to include plate glass, shop front alarm and security shutter