Retail premises to let in Victoria Road, Consett DH8

Location

Consett is a market town situated northwest of Durham and 14 miles south-west of Newcastle upon Tyne, at the junction of the A691/A692, both of which provide the link to the national motorway network at the A1(M).

Victoria Road is located nearby to the Derwent Shopping Centre and nearby occupiers include Greggs, Clintons and Iceland as well as Consett Bus Station.

Description

The subject property comprises of a single-storey, brick built, mid terrace retail unit. The unit comprises of a sales area to the front of the property and storage area to the rear. There is a shared yard to the rear and ample free parking opposite the property.

Accommodation

Sales Area 41.83 m² (450 ft²)
Storage 12.85 m² (138 ft²)
Total 54.68 m² (588 ft2)

EPC rating

C62

Rating assessment

The rateable value of the premises as at 1 April 2023 is £6,500 and the estimated rates payable for the current year is £3,243.50. This is based on the standard uniform business rates multiplier of 49.9p in the pound. The property is eligible for full business rates relief, subject to certain criteria. Interested parties should confirm the current position with the Local Authority.

Terms

The property is available by way of a new lease with terms to be agreed at £9,000 (Nine Thousand Pounds) per annum.

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.

Anti-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.