Property For Sale

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 Your Move, Franks Factory Flooring and a Tesco Superstore.

DESCRIPTION

The property is accessed via a common stairway from street level to the front of the property.  This suite provides a main open plan area with 2 smaller individual offices.

There are shared WC facilities within the building and we understand that mains electricity and water are both connected.

ACCOMMODATION

The accommodation briefly comprises:

First Floor Office (NIA)

Suites 2 & 3             72.00m²                   (775sq ft)

Suite 5                    73.39m²                   (790sq ft)

Suite 6                    88.36m²                   (951sqft)

Plus WC

TERMS

EFRI lease for a term of years to be agreed

RENTAL

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

Suites 2 and 3

Office & Premises                               5,100                      40.7p

Suite 5

Office & Premises                   £4,550                     £0.45

Suite 6

Office & Premises                   £6,600                     £0.45

As a new occupier rights of appeal may exist against this assessment.  For further information contact our Rating Department at this office.

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.

Property Features :

• First Floor Office Space To Let
• Suites Available From 72m2 (775sqft)
• New EFRI Lease
• Rent From Only £7.50psf