Retail premises to let in Park View, Houghton Le Spring DH5

Location
The town of Hetton-le-Hole lies approximately 8 miles north east of Durham and 11 miles south west of Sunderland and has a population of circa 14,000. The property occupies a prominent position within the town centre being close to a number of regional and national retailers including Greggs, St Benedict’s Hospice Retail, Tesco and Heron Foods.

Description
Compact ground floor shop together with back shop and larger first floor.

Accommodation
The property briefly comprises as follows:-

ft2 m2
Ground Floor ft m
Sales Area Internal Width 16’2” 4.93
Sales Depth 15’9” 4.84
Sales Area 225 20.90

Rear Sales/Back Shop 104 9.66

First Floor
Room 438 40.69

Tenure
A new Lease is available at a commencing annual rental of £5,200 for a term of years to be agreed (minimum 3 years) on an effective basis subject to 3 yearly Rent Reviews.

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.

Viewing
Contact – Marc Weaver or Alexa Reavley

•
•
• VAT
The rent is not subject to VAT.
Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value of the ground floor is £2,600. The Uniform Business Rate for the Rates Year 2024/2025 is 49.9p. If necessary, a written request should be made to the Local Authority for confirmation.

Based upon this assessment and subject to meeting certain criteria the tenant may be eligible for 100% Business Rates relief. Please contact the non-domestic rating department of the Local Authority for clarification

Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.

Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.

Ref
C4181

EPC

Energy Rating 101/E