Retail premises to let in 12, Newbottle Street, Houghton Le Spring DH4

The town of Houghton le Spring is located approximately 9 miles northeast of Durham and 7 miles southwest of Sunderland. Newbottle Street is the principal shopping area within the town, and the property sits immediately adjacent to Superdrug and opposite Iceland. B&M, Costa, Heron Foods, Dominos, Lidl and Subway are close by.

The unit provides level access open plan sales on ground floor only with extensive full height glazed frontage protected by external electric roller shutter onto Newbottle Street. Gas fired central heating. High ceiling lends itself to Dance or Yoga studio or children’s nursery/creche play potentially or a Bar / Restaurant subject to the relevant planning.

Lease terms

The unit is offered on a new full repairing and insuring lease, subject to an upwards only rent review at the 5th anniversary of the lease at a rental of £15,000 per annum exclusive.

Rating assessment

We understand that the unit is to be re assessed under the 2023 revaluation at reduction to £13,750 rv. The Uniform Business Rate for 2023/24 is 0.512 pence in the £.

Interested parties should verify the accuracy of this information and the rates payable with the Local Rating Authority but this level should allow some savings under Small Business rates Relief.

Energy performance certificate

The Energy Performance Asset Rating has been assessed as D(96). A full copy is available for inspection upon request.

Accommodation:
Ground Floor Sales : 1,275.00 sqft
Rear Office: 168.00 sqft
Store: 13.00 sqft
Total: 1,456.00 sqft