The block has just undergone a six-figure refurbishment, following the vacation of M&CO, which closed the store last year as part of a major restructuring programme.
The existing unit of c. 7000 sq ft was sub-divided to create 4no. separate retail units, including provision for new utility supplies, fire alarms, fire rated ceilings, LED lighting, DDA compliance, WCs and kitchen facilities.
The works also included the refurbishment of the existing facade and installation of two new shop fronts.
- Units can be combined to satisfy larger size requirements
- Would suit a variety of uses (subject to consents)
Location
Consett is a market town situated 14 miles south-west of Newcastle upon Tyne and 13 miles north-west of Durham City.
The town is positioned at the junction of the A691/A692, both of which provide the links to the A1(M).
The subject property occupies a prominent position on Front Street which benefits from high volumes of passing traffic and footfall.
Accommodation
16 Front Street - 248 sq m (2,669 sq ft)
18 Front Street - 86 sq m (926 sq ft)
20 Front Street - 104 sq m (1,119 sq ft)
22 Front Street - 184 sq m (1,981 sq ft)
TOTAL - 622 sq m (6,695 sq ft)
Terms
Terms - The units are available by way of new EFRI leases for a term of years to be agreed, at the following rents:
16 Front Street - £XXX pax
18 Front Street - £XXX pax
20 Front Street - £XXX pax
22 Front Street - £XXX pax
Rating Assessment - To be assessed on completion of redevelopment.
Energy Performance:
16 Front Street - E (101)
18 Front Street - C (71)
20 Front Street - D (80)
22 Front Street - C (72)
Legal Costs - Each party to be responsible for their own costs incurred in this transaction.
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.