Retail premises for sale in Middle Street, Consett DH8

£125,000 (£55.21/sq. ft)
Retail premises for sale 2,264 sq. ft*
Interested in this property? Call +44 191 244 9616 * or Request Details

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Property features

  • Former Former bank for sale.
  • Situated in the market town of Consett.
  • Suitable for a variety of uses.
  • Total size 210 sq m (2,264 sq ft).
  • Asking price £125,000.

Property description

Location


Consett is a market town situated 13 miles northwest of Durham and 14 miles south-west of Newcastle upon Tyne, at the junction of the A691/A692, both of which provide the link to the national motorway network at the A1(M).

This corner property is located on the north-east side of Middle Street, at its junction with Mason Street and adjacent to the Derwent Shopping Centre. Occupiers close by include Greggs, Clintons, Superdrug, tui, Card Factory, Domino’s, The Co-operative Bank, The Salvation Army, Barnardo's and Halifax, amongst others.


Description


The property is arranged on ground and two upper floors to provide a former ground floor banking hall with ancillary accommodation on the first and second floors.

The property benefits from a return frontage onto Mason Street, which provides access to the side and rear.


Accomodation


Ground Floor 100.1 sq m (1,077 sq ft)
First Floor 54.2 sq m (583 sq ft)
Second Floor 56.1 sq m (603 sq ft)
Total Size 210 sq m (2,264 sq ft)


Terms


We are instructed to seek unconditional offers in excess of £125,000 (One Hundred and Twenty Five Thousand Pounds).

The premises are also available by way of a new lease for a rent and term to be agreed.


Rating assessment


The rating assessment currently appearing on the 2017 Valuation List is as follows:

Bank & Premises: £11,500

The Small Business rate for the year 2020/2021 is 49.9 pence in the pound.


Legal costs


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


EPC


The property has an EPC rating of E(110)


VAT


All figures quoted are exclusive of VAT where chargeable.


Anti-money laundering regulations


In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful buyer.

Property info

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

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For more information about this property, please contact
Johnson Tucker LLP, NE15 on +44 191 244 9616 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Johnson Tucker LLP, and do not constitute property particulars. Please contact Johnson Tucker LLP 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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