Prominent retail unit to let on established retail parade with high volumes of passing traffic, in popular County Durham Village approx 2 miles south of Durham City Centre.
The building comprises a mid-terrace property under a pitched slate roof. The property is arranged over two floors, with retail accommodation to the ground floor and residential on the first.
The available space comprises, a ground floor retail unit with open plan sales to the front and ancillary storage and staff WC facilities to the rear. The premises is well presented with double fronted glazed retail frontage with signage over, finished floorboards, plastered, skimmed walls and freshly decorated walls.
Location
The property is located in Langley Moor, a small County Durham village, approximately 2 miles south of Durham City Centre and 9 miles north of Bishop Auckland.
The subject property occupies a prominent position on High Street which is the main retail pitch within the village. Notable nearby operators include: Tesco Express, Lidl, RSPCA and Salvation Army.
Accommodation
Approximately 80.00 sq m (861 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 £8,750 pax.
RATING ASSESSMENT - We understand that the premises have a rateable value of £5,600 effective from 1st April 2017. Under current government legislation, Small Business Rate Relief could result in no rates being payable (subject to eligibility). It is recommended that any interested party confirm the accuracy of this information and the rates payable with the Local Authority.
ENERGY PERFORMANCE - EPC Rating – C 60.
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
- Ground Floor Retail Unit of Approximately 80.00 sq m (861 sq ft)
- Popular County Durham Village, Approximately 2 Miles South of Durham City Centre
- Prominent Position on Established Retail Parade
- High Volumes of Passing Traffic
- Surrounding Occupiers Include; Tesco Express, Lidl and the RSPCA
- External Refurbishment Scheduled
- Would Suit a Variety of Uses (Subject to Consents)
- New EFRI Lease Available
- Rent £8,750 pax