Restaurant/cafe for sale in 162 Front Street, Chester Le Street DH3

Offers in region of £250,000 (£65.34/sq. ft)
Restaurant/cafe for sale 3,826 sq. ft*
Interested in this property? Call +44 191 686 9796 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Location


The property is located on Front Street, in the centre of Chester le Street. The A1(M) is located 1.5 miles and with the added benefit of a main line railway station. The restaurant is situated close by to the main shopping district and close to ample public parking.


Description


The premises briefly comprises of ground, first and second floor space. The ground floor space offers reception public toilets restaurant space and storage. To the first floor there are further public toilets in addition to restaurant, kitchen, w/c and storage. The second floor offers further storage space. The property also benefits from air conditioning.


Accommodation


Ground Floor 192.5m² (2,072ft²)
First Floor 147.8m² (1,590ft²)
Second Floor 15.2m² (163ft²)

Total 355.5m² (3,826ft²)


The lease


The property is currently let to an individual on a 5 year Fri lease from 18th June 2018 at £25,000 per annum with no breaks. Lease available on request.


Rating assessment


Description rv Estimated Rates Payable
Restaurant
And premises £22,750 £10,920

We are advised that the rateable value of the premises as at 1 April 2017 is £22,750 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 48p in the pound. However, interested parties should confirm the current position with the Local Authority.


EPC rating


E101


Asking price


Our client is seeking offers in the region of £250,000 for their Freehold interest.


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.


Legal costs


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


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 Joseph i’Anson at Bradley Hall.

Tel: Email:

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Bradley Hall, NE1 on +44 191 686 9796 * (local rate)

Contact Bradley Hall about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bradley Hall, and do not constitute property particulars. Please contact Bradley Hall for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

View all Front Street commercial properties for sale