Retail Unit In Consett County Durham Lease For Sale

Business description

To let
4 Newmarket Street, Consett, County Durham DH8 5LQ

INCENTIVES AVAILABLE
Retail Unit 54.08m² (582 sq ft)
Good secondary location
Close to Consett town centre
Suitable for a variety of uses
Guide Rent: £5,200 per annum
Ref. NE174

Location
The property is located in a busy secondary location just off Victoria Road on the eastern edge of Consett town centre. There are a range of other occupiers nearby including Co-operative Funeralcare, Lifestyle Kitchens, Geared for Outdoors and Tip Top Car Parts.

Description
A mid terraced retail unit forming part of a two storey stone built property under a pitched slate roof. The shop has a traditional timber framed shop front with recessed side entrance with a deep window display area. To the rear of the shop is a small office/staff room, a small store and staff toilet. A fire escape access is provided to a rear yard.

Accommodation
Ground Floor
Shop Frontage 5.63m 18ft 5
Depth 8.63m 28ft 3
Sales Area 54.08m² 582 sq ft
Office/Staff 4.61m² 49 sq ft
Store 4.03m² 43 sq ft
Staff Toilet

Terms
The retail unit is available on a new full repairing and insuring (FRI) lease for a minimum term of 3 years sub-ject to 3 yearly rent reviews.

Rent
£5,200 per annum

Legal Costs
Ingoing Tenant will be responsible for the Landlord’s reasonable legal costs incurred with this transaction.

VAT
All figures are exclusive of VAT

Planning
We understand that the property has planning permission for Class A1 retail use as defined within the Town & Country Planning (Use Classes) Order 1987 (as amended)

Business Rates
The Valuation Office Agency website indicates that the property is assessed on the following basis:
Rateable Value: £4,950

Viewing
Strictly through appointment with this office
Code of Practice For Commercial Leases
The lessor understands and accepts the principles of the Code of Practice for Commercial Leases in England and Wales. Alternative lease terms are available from the Landlord, subject to negotiation.

Important Note
The premises are offered subject to contract, availability and confirmation of details. The particulars do not form part of any contract and whilst believed to be correct, no responsibility can be accepted for any error. No other statements contained in the particulars are to be relied upon as a statement of fact and intending purchasers or lessees must satisfy themselves by inspection or otherwise as to the correctness of these statements. The vendor(s) or lessor(s) do not make or give North East Commercial Property nor any person in their employment any authority to make or give any representation or warranty whatsoever in relation to this property. Unless otherwise stated all prices and rentals quoted are exclusive of Value Added Tax to which they may be subject.

Property information

Property:

Leasehold

Lease terms:

Negotiable.

Leasehold rent:

£5,200 per annum