Retail premises to let in West Lane, Chester Le Street DH3

Location

The subject property is located on West Lane, Chester le Street, a market town in County Durham. The A1(M) is located 1.5 miles and with the added benefit of a main line railway station. The unit is located within the main shopping district and close to ample public parking.

Description

The subject property comprises of a ground floor, mid-terrace retail unit within the main shopping district of Chester le Street. The unit includes a sales area, rear storage room and w/c, which has recently been white boxed. The unit also benefits from a roller shutter and a loading bay, which is located directly outside the property.

Accommodation

We calculate the approximate net/gross internal floor areas to be as follows:

Sales Area 22.34 m² 241 ft²
Store room 6.35 m² 68 ft²
W/C 1.42 m² 15 ft²
Total 30.11 m² 324 ft²

EPC rating

C64

Rating assessment

The rateable value of the premises as at 1 April 2023 is £2,850 and the estimated rates payable for the current year is £1,422.15. 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.

Terms

The property is available by way of a new lease with terms to be agreed at £5,500 (Five Thousand Five Hundred 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 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.