Property for sale

Property description

SITUATION
The property is situated on Front Street which is the main retail parade within the town of Chester Le Street. The subject premises are located at the southern end of Front Street which is a mixture of retail and leisure units with Weatherspoons being situated in the adjoining property to Onyx Bar.

Chester Le Street is a market town in County Durham with a district population of 53,672 and situated approximately 10 mines south of Newcastle upon Tyne and close to the junction of the A167 and A1(M). 

DESCRIPTION
Onyx club is a fully fitted out nightclub which has been recently refurbished to provide a ready to trade leisure unit. The property provides a substantial bar space on the ground and first floors. The property benefits from a passenger lift to the rear to provide DDA access to the first floor bar. 

ACCOMMODATION
The property comprises the below areas:

Ground Floor 354.7m²(3,817.9ft²)
First Floor236.9m²(2,549.9ft²)
Total591.6m²(6,367.8ft²)

TERMS
The property is available by way of a new fully repairing and insuring lease, for a term of years and rent review pattern to be agreed. Rental price is available on application. 

RATING ASSESSMENT
DescriptionRVEstimated Rates Payable
Premises£32,250£15,189.75

We are advised that the rateable value of the premises as at 1 April 2010 is £32,500 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 47.1p in the pound. However, interested parties should confirm the current position with the Local Authority.

As a new occupier rights of appeal may exist against this assessment.

LEGAL COSTS
Each party is to bear their own 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 marketing agents Bradley Hall Chartered Surveyors or their joint agents Sanderson Weatherall. 

Property Features :

• Licensed premises to let
• Total area 591.6m² (6,367.8ft²)
• Recently refurbished, fully fitted nightclub
• Prominent location
• EPC Rating C72