The subject property is a three-storey, terraced former bank of traditional brick, block and stone construction under a pitched slate tile roof. The property provides ground floor sales (former banking hall) together with ancillary storage and kitchen / wc facilities at the first and second floors.
Location
Stanhope is a market town in the North East of Weardale in County Durham, the gateway to the North Pennines, located approximately 13 miles to the south west of Consett and 20 miles south of Hexham.
The subject property is prominently located on Front Street, which is the main thoroughfare through Stanhope.
Accommodation
Ground Floor - 1,191 sq ft
First Floor - 535 sq ft
Second Floor - 328 sq ft
TOTAL - 2,054 sq ft
Terms
The premises are available by way of a new tenant full repairing and insuring lease (FRI) for a term of years to be agreed at a rent of £11,500 pax.
Alternatively, our client will consider offers over £130,000 for the benefit of their Freehold interest.
BUSINESS RATES
Rateable Value : £8,500
Estimated Rates Payable: £0
Our estimates are calculated by applying the appropriate Business Rate Multiplier to the RV and adjusting for Small Business Rate Relief, in cases where the RV indicates that it may be available. Not all properties or 'small businesses' qualify for relief. It is important that interested parties confirm the accuracy of this information and the actual rates payable with the Local Authority.
ENERGY PERFORMANCE
EPC rating E 125.
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.
Specification
- Ground Floor: 111 sq m (1,191 sq ft)
- High Volumes of Passing Traffic
- Would Suit a Variety of Uses (i.e. Professional & Financial Services, Cafe / Restaurant or Salon - Subject to Consents)
- Small Business Rate Relief Available (Subject to Eligibility)
- Redevelopment Potential