Pub/bar for sale in Front Street, Consett DH8

Location

The subject property is located on Front St, Consett, which is situated in the town centre. The A691 and A692 and situated in close proximity to the property, the former connecting Consett with Durham and the latter providing a direct connection to Newcastle and the A1(M) in the north.

Description

The subject property is a split over two buildings 17-21 Front St, which is an old church that has been converted into 3 storeys of retails/storage space and 22 Nelson St, with a small courtyard in the centre of the properties. The ground floor is occupied by Chaplains bar. The first floor has been split into two units, both having access to separate storage space on the second floor. One of the units is currently let to solicitors as storage space, while the other is vacant and has recently been renovated.

Accommodation

Chaplains Bar 265.30m2 2,856 ft2
Solicitors 239.96m2 2,583 ft2
Vacant 228.62m2 2,461 ft2
Total 768.58m2 8,274 ft2

Tenant

The ground floor of the property is currently let at a passing rent of £20,000 per annum. There is an opportunity for rental growth for the vacant office and the landlord has a positive pre-application advice for conversion of the upper floors to residential.

Rating assessment

Description rv Estimated Rates Payable
Public House & Premises £14,250 £7,110.75
Office & Premises £4,400 £2,195.60

EPC rating

C68