Retail premises to let in Beech Road, Durham DH1

Location

The subject property is located on Beech Road in Framwellgate Moor, Durham; situated on a retail parade. The property benefits from fantastic transport links, with bus stops located opposite the premises, Durham Train Station only 1.5 miles away, and quick access onto the A1(M) via the A690, only 1.4 miles from the property.

Description

The subject property comprises of a commercial unit to the ground floor. The ground floor retail unit is fully fitted as a hairdresser, with a front and rear area, kitchen, and W/C. There is on street parking to the front of the property.

Accommodation

Front sale 71m² 764ft²
Rear sales inc. Beauty Room 38m² 411ft²
Total 109.2m² 1,175ft²

Rating assessment

The rateable value of the premises as at 1 April 2023 is £6,400 and the estimated rates payable for the current year is £3,193.60. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

Business opportunity/goodwill/inventory

This opportunity comes with the benefit of leasing the property as a going concern for a premium. The existing occupier is an established business and accounts and an inventory list are available upon request.

EPC rating

To be assessed

Terms

The property is available to let at £15,000 (Fifteen Thousand Pounds) per annum, for a term of years to be agreed in addition to a premium for the goodwill associated with the business. Further details are available on request.

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 we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.