Retail premises for sale in Front Street, Chester Le Street DH3

£130,000 (£92.33/sq. ft)
Retail premises for sale 1,408 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


Chester le Street is a large market town situated approximately 6 miles north of Durham City and some 9 miles south of Newcastle upon Tyne, being close to the A1(M) Motorway and the main line Railway Station on the East Coast Line. The subject property occupies a prominent position to the south end of the Front Street nearby to Gordon Brown Law Firm, the former i


Description


The building comprises ground retail accommodation which is currently vacant and previously occupied by G. Naylor Optometrists and first floor beauty salon, which is accessed separately off the Front Street, currently tenanted by Bliss. The premises are in good condition and would be ready to occupy for a variety of users. The first floor is accessed separately off the Front Street.


Accommodation


Ground Floor Sales 56.00 m² (602ft²) itza 49.45 m² (523 ft²)
Ground Floor Storage 8.87 m² (95 ft²)

First Floor 65.96 m² (710ft²)

Total 130.83 m² (1,408 ft²)


Rating assessment


Description rv Estimated Rates Payable
Shop and
Premises (170) £6,700 £3,289

Offices and
Premises (170a) £3,750 £1,841

We are advised that the rateable value of the premises as at 1 April 2017 is as above 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


To be assessed


Terms


The first floor is let on a 3 year term as a beauty salon at an annual rent of £6,000 per annum from 1st December 2017.
The ground floor is currently vacant although we expect reletting prospects to be good at an asking rent of £12,000 per annum.


Asking price


We are seeking offers in the region of £130,000 for our client's 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.

* 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)

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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.

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