Retail premises to let in Front Street, Chester Le Street DH3

The property is an attractive four storey building with stone front elevation under a slate pitched roof. There is a separate entrance to the 5 upper floor apartments, with additional storage, bike store and bin stores on the ground floor, which the tenants share with the ground floor.

The ground floor is currently laid to provide a large retail area with storage and a strong room to the rear of the building. Please see floor plan below.

Accomodation

The property provides the below approximate areas:

Gf Retail: 136 sq m (1,465 sq ft)
gf Stores: 18 sq m (192 sq ft)
gf Strong Room: 9.6 sqm (104 sq ft)
total: 163 sqm (1,761 sq ft)

Terms

The ground floor accommodation is available to let on effective full repairing and insuring terms at a rent of £22,500 per annum. All other lease terms are to be agreed by negotiation.

Rating assessment

The rating assessment currently appearing on the Valuation List is as follows:-

2023 Rateable Value - £17,750

The Small Business rate for the year 2023/2024 is 49.9 pence in the pound

Legal costs

Each party to bear their own legal costs incurred in the transaction.

EPC

The property has an EPC rating of D96

VAT

All figures quoted are exclusive of VAT where chargeable.

Anti-money laundering

In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.