Commercial property to let in Cheapside, Spennymoor DL16

Ground floor retail unit with first floor storage/offices

Ground floor extends to 314 sq m/ 3,380 sq ft

First floor extends to 159 sq m/ 1,712 sq ft

Prominent location adjacent to retail park and new Aldi development

Surrounding occupiers include William Hill, Boots, Lloyds Bank the local Library

Description

Ground floor retail unit with first floor offices/storage situated in a prominent position within Spennymoor Town Centre. The property was previously used as a hardware store but would suit a variety of uses within use class E to include office and retail amongst others.

Location

The property occupies a position on Cheapside which is immediately to the north of a modern retail development with occupiers including Iceland, Home Bargains and Morrisons Local. Spennymoor has recently benefitted from a town centre regeneration scheme which has included partial demolition of Festival Walk, refurbishment & reletting of retained units within Festival Walk and the development of a new Aldi Supermarket. Occupiers on Cheapside include Evans & Co Solicitors, Boots Pharmacy, William Hill, Spennymoor Library and Lloyds Bank amongst others.

Accommodation

The ground floor retail unit comprises of the sales area extending to 265 sq m/ 2,852sq ft, ground floor store/kitchen extending to 49sq m/524sq ft and first floor storage of 159sq m/1,712sq ft. The ground floor sales area provides retail space that can be reconfigured to provide treatment rooms, offices or meeting rooms. The accommodation is well appointed with suspended ceilings with inset lighting, a double fronted display window and rear access for loading and unloading.

Services

The property has the benefit of mains supplies of water and electricity in addition to mains drainage.

Energy Performance Certificate

The Energy Performance Certificate has been commissioned and the Full Certificate and Rating are available upon request.

Terms

The premises are available by way of a new effective full repairing and insuring lease, exclusive of rates, service charge and all other outgoings for a term to be agreed at a rent of £16,000 per annum. The landlord reserves their right to request a rental deposit.

Rating Assessment

£14,250 Obtained from the Valuation Office Agency ()

The ubr for the period 2023/2024 is 51.2p in the pound. Rates payable are therefore £7,296 less any Small Business Relief or any other discounts, which might be applicable. Please contact your local authority for more information.

Contact Information

For further information and viewings please contact Greig Cavey Commercial Limited on or e-mail