£100,000
(£61.46/sq. ft)
Retail premises for sale36 Front Street, Stanley DH9
1,627 sq. ft
Just added
Freehold
About this property
Busy town centre location
Approximately 10 miles south-west of Newcastle & 9 miles north-west of Durham
Surrounding occupiers include Greggs, Boots, Specsavers and Betfred
Private car parking / loading to rear
Potential Small Business Rate Relief (subject to eligibility)
Freehold or new lease available
Estimated Rates Payable: £4144.7
Description
The subject property comprises a two storey, rectangular shaped, mid-terrace commercial property with an aluminium plate glass frontage, behind an electric steel roller shutter, all under a pitched slate tile roof.
The accommodation comprises an open plan ground floor together with an open plan first floor incorporating WC facilities.
Externally there is a private loading area and car parking to the rear.
Location
The property occupies a prominent position on Front Street, Stanley’s principal retailing thoroughfare, within the heart of the town centre. Front Street comprises Stanley’s primary commercial pitch and benefits from a strong mix of national, regional and independent occupiers including Greggs, Boots, Specsavers and Betfred.
Stanley is located approximately 9 miles north-west of Durham and 10 miles south-west of Newcastle upon Tyne, with excellent connectivity via the A693 providing direct access to the A1(M), Chester-le-Street, Consett and the wider North East region. The property also lies within short walking distance of Stanley Bus Station, providing regular public transport links throughout County Durham and Tyne & Wear.
Terms
The property is available freehold with vacant possession at an asking price of £100,000.
The property is also available by way of a new lease for a term of years to be agreed at a rent of £10,000 per annum exclusive.
Business Rates
We understand that the property is currently assessed for Business Rates under two separate assessments as follows:
Ground Floor – Rateable Value £9,100
First Floor – Rateable Value £1,750
The property is being marketed as a whole and, if occupied by a single tenant, the Local Authority may reassess the property into one combined assessment.
Based upon the current Rateable Values, qualifying occupiers may benefit from Small Business Rate Relief, which could significantly reduce the amount of Business Rates payable.
Interested parties are advised to make their own enquiries with Durham County Council regarding Business Rates liability and eligibility for any reliefs.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Graham S Hall upon this basis and where silent, offers will be deemed net of VAT.
Legal Costs
Each party to be responsible for their own legal costs incurred in this transaction.
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 purchaser / tenant.
EPC
Awaiting EPC.
About Us
Established in April 2017, Graham S Hall Chartered Surveyors are a highly regarded independent firm of Chartered Surveyors and commercial property agents based in Durham.
We are passionate about property and getting the best results for our clients. We pride ourselves on hard work and giving good honest advice, irrespective of the fee and even when it might not be what the client wants to hear.
While our focus is primarily on sales, lettings and acquisition of retail, office, industrial and investment, we also offer extensive experience in asset management, development and lease advisory, such as lease renewal and rent review.
Our main core areas of work include:
Leasing and letting
Sale and purchase
Investment sale and purchase
Lease renewal and rent review
Asset management
Development
Consultancy
Expert witness
However big or small, we are ready to help. Talk to us today.
The subject property comprises a two storey, rectangular shaped, mid-terrace commercial property with an aluminium plate glass frontage, behind an electric steel roller shutter, all under a pitched slate tile roof.
The accommodation comprises an open plan ground floor together with an open plan first floor incorporating WC facilities.
Externally there is a private loading area and car parking to the rear.
Location
The property occupies a prominent position on Front Street, Stanley’s principal retailing thoroughfare, within the heart of the town centre. Front Street comprises Stanley’s primary commercial pitch and benefits from a strong mix of national, regional and independent occupiers including Greggs, Boots, Specsavers and Betfred.
Stanley is located approximately 9 miles north-west of Durham and 10 miles south-west of Newcastle upon Tyne, with excellent connectivity via the A693 providing direct access to the A1(M), Chester-le-Street, Consett and the wider North East region. The property also lies within short walking distance of Stanley Bus Station, providing regular public transport links throughout County Durham and Tyne & Wear.
Terms
The property is available freehold with vacant possession at an asking price of £100,000.
The property is also available by way of a new lease for a term of years to be agreed at a rent of £10,000 per annum exclusive.
Business Rates
We understand that the property is currently assessed for Business Rates under two separate assessments as follows:
Ground Floor – Rateable Value £9,100
First Floor – Rateable Value £1,750
The property is being marketed as a whole and, if occupied by a single tenant, the Local Authority may reassess the property into one combined assessment.
Based upon the current Rateable Values, qualifying occupiers may benefit from Small Business Rate Relief, which could significantly reduce the amount of Business Rates payable.
Interested parties are advised to make their own enquiries with Durham County Council regarding Business Rates liability and eligibility for any reliefs.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Graham S Hall upon this basis and where silent, offers will be deemed net of VAT.
Legal Costs
Each party to be responsible for their own legal costs incurred in this transaction.
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 purchaser / tenant.
EPC
Awaiting EPC.
About Us
Established in April 2017, Graham S Hall Chartered Surveyors are a highly regarded independent firm of Chartered Surveyors and commercial property agents based in Durham.
We are passionate about property and getting the best results for our clients. We pride ourselves on hard work and giving good honest advice, irrespective of the fee and even when it might not be what the client wants to hear.
While our focus is primarily on sales, lettings and acquisition of retail, office, industrial and investment, we also offer extensive experience in asset management, development and lease advisory, such as lease renewal and rent review.
Our main core areas of work include:
Leasing and letting
Sale and purchase
Investment sale and purchase
Lease renewal and rent review
Asset management
Development
Consultancy
Expert witness
However big or small, we are ready to help. Talk to us today.
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