Retail premises to let in St Cuthbert's Walk Shopping Centre, Chester Le Street DH3

Location

St Cuthbert’s Walk Shopping Centre is situated on Front Street the principle retail street in the market town of Chester-le-Street and extends to approximately 60,000sq ft while offering 370 car parking spaces.
Road communications to Chester-le-Street are excellent with access via the A167 to Durham and the South and the A692 to Stanley in the West. Chester-le-Street also lies off junction 63 of the A1(M) providing excellent access to Newcastle, Gateshead, Darlington, Durham and all major road networks.

Description

The subject property comprises a ground floor shop extending 46.17m2 (497 ft2) including internal wc’s. The unit has recently been refurbished and offers a good frontage onto the busy thoroughfare of the Shopping Centre. Neighbouring occupiers include Morrison’s, Iceland Frozen Foods and Boots the Chemist.

Accommodation

Ground Floor Retail Sales 50.26m² (541 ft²)

Rating assessment

Description rv Estimated Rates Payable
Shop & £10,750 £5,278.25
Premises

We are advised that the rateable value of the premises as at 1 April 2017 is £10,750 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 49.1p in the pound. However, interested parties should confirm the current position with the Local Authority.

EPC rating

To be reassessed.

Terms

Our client is seeking a new efri based lease for a term of years to be agreed with rental offers of £8,000. Incentives available.

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.

Viewing

For general enquiries and viewing arrangements please contact Joseph i’Anson or Anthony Barella at Bradley Hall.

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