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

Location

The premises are 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 retail unit is within the main shopping district and close to ample public parking.

Description

The subject property comprises a brick built, two-storey retail unit. To the ground floor there is a large retail area and ancillary space to the rear. On the first floor there is ancillary space.

Accommodation

We calculate the approximate net/gross internal floor areas to be as follows:

Ground Floor 83m² 894ft²
Ground Floor Ancillary 45m² 488ft²
Second Floor Ancillary 100m² 1,076ft²
Total 228m² 2,458ft²

EPC rating

E104

Rating assessment

The rateable value of the premises as at 1 April 2023 is £19,250 and the estimated rates payable for the current year is £9,605.75. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

Terms

The freehold of the property is available with offers in excess of £230,000 (Two Hundred and Thirty Thousand Pounds).

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.

Anti-money laundering regulations

In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.