Retail premises to let in Church Street, Shildon DL4

Location

The subject property is located in Shildon which is a village in County Durham. Shildon is situated 2 miles south east of Bishop Auckland and 11 miles north of Darlington.

The property itself sits on the front of Church Street, which is surrounded by a number of well-known retailers including B&M Store and Ladbroke’s. It offers excellent transport links with bus stops surrounding the property and the nearest train station is only 1.5 miles away.

Description

The property provides ground floor accommodation only. It offers retail space, an office, kitchen and staff toilets. Externally there are roller shutters providing security.

Accommodation

Ground floor retail 116.4m² (1,252ft²)
Ground floor office 11.19m² (120ft²)
Ground floor kitchen 6.7m² (72ft²)
Ground floor toilets 4.55m² (48.8ft²)
Total size of 138.84m² (1,494ft²)

Rating assessment

Description rv Estimated Rates Payable
Shop and premises £10,500 £5,155,50
We are advised that the rateable value of the premises as at 1 April 2017 is £10,500 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 48p in the pound. However, interested parties should confirm the current position with the Local Authority.

EPC rating

C59

Terms

The property is available to let by way of assignment on Fri terms for £11,000 per annum. There is a tenant only break 4 on August 2024 and the lease expires 3 August 2034.

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 at Bradley Hall.