Leisure/hospitality to let in Front Street, Consett DH8

Location/situation
Consett is a popular and busy market town located approximately 12 miles southwest of Newcastle upon Tyne and 11 miles northwest of Durham. The property lies in the heart of the town centre on Front Street, which benefits from high volumes of passing traffic and footfall due to the nearby Derwentside College and Hermiston Retail Park.
The property is a short walk to the main town centres 150 space car park, although there is a small on-site car park to the side of the building.

Accommodation
Arranged over ground, first and second floor only, with the following approximate dimensions and floor areas:

Shop Depth
13.05m
42’10”

Internal Width (max)
11.00m
36’1”

Ground Floor Area
211 m2
2,275 ft2

First Floor Area
43.48 m2
468 ft2

Second Floor Area
33.44m2
360 ft2

lease terms
A new effective Full Repairing & Insuring lease for a term to be agreed is available at a rent of £23,750 per annum exclusive.

EPC
Further details to follow, an EPC surveyor has been instructed to carry out an assessment.

Business rates

Rateable Value
£15,750

2023/2024 ubr
£0.499

Estimated Rates Payable
£7,859

Please note there is a potential further reduction of 75% on the above figures in 2023/24. Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

Costs/VAT
Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable.

Viewing
For enquiries, viewing, and general information, please contact @retail:
Jonathan Chapman
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