The premises comprise a two storey mid-terrace retail unit of brickwork construction beneath a pitched slate covered roof, incorporating uPVC double glazed windows and doors.
We feel that the property is suitable for a variety of uses. Most recently it has operated as a cafe / restaurant with seating at ground and first floor but was previously the offices of a local firm of Accountants for many years, until their business was sold.
Location
Consett is a market town situated 14 miles southwest of Newcastle upon Tyne and 13 miles northwest of Durham City at the junction of the A691/A692, both of which provide the link to the A1(M).
Consett is home to over 37,000 people, growing to 68,000 people within a 30-minute drivetime.
The subject property occupies a prominent position on Medomsley Road which benefits from high volumes of passing traffic and footfall.
Surrounding occupiers include Papa Johns, Ramsdens, Westway Vets, Domino's Pizza, Iceland, Euronics & Pattinson Estate Agents.
Accommodation
Ground Floor - 79.62 sq m (857 sq ft)
First Floor - 51.61 sq m (556 sq ft)
Basement - 25.55 sq m (275 sq ft)
TOTAL - 156.77 sq m (1,688 sq ft)
Terms
TERMS - The property is available by way of a New EFRI Lease for a term of years to be agreed at a Rent of £12,000 pax.
Alternatively, our client will consider offers in the region of £135,000 for the benefit of their Freehold interest.
BUSINESS RATES:
Rateable Value : £5,800 (Effective 1st April 2023)
Estimated Rates Payable: £0
Our estimates are calculated by applying the appropriate Business Rate Multiplier to the RV and (if applicable) making an adjustment for Small Business Rate Relief. Not all properties or 'small businesses' qualify for relief. It is important that interested parties confirm the accuracy of this information and the rates payable with the Local Authority.
ENERGY PERFORMANCE - EPC rating B41.
VAT - All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Graham S Hall upon this basis and where silent, offers will be deemed net of VAT.
LEGAL COSTS - Each party to be responsible for their own costs incurred in this transaction.
ANTI-MONEY LAUNDERING REGULATIONS - In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the purchaser / tenant.
Specification
- High Volumes of Passing Traffic
- Would Suit a Variety of Uses Including: Professional & Financial Services, Cafe / Restaurant or Salon
- Surrounding Occupiers; Papa Johns, Ramsdens, Westway Vets, Domino's Pizza, Iceland & Euronics
- Small Business Rate Relief Available (Subject to Eligibility)
- Excellent Owner Occupier / SIPP Investment Opportunity