The subject property comprises a two storey, rectangular shaped, mid-terrace retail unit with an aluminium plate glass frontage, behind an electric steel roller shutter, all under a pitched slate tile roof.
The available space comprises, a ground floor retail unit with open plan sales to the front and ancillary storage and WC facilities to the rear.
Externally there is a private loading area and car parking to the rear.
Location
The property is located on Front Street at the heart of Stanley’s Town Centre, just a one minute walk from the recently constructed bus concourse.
Surrounding retailers include: Greggs, Boots, Betfred and Lloyds Bank.
Accommodation
Retail Sales – 59.27 sq m (638 sq ft)
Internal Storage – 33.82 sq m (364 sq ft)
WC Facilities
Total – 93.09 sq m (1,002 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 £9,500 pax.
RATING ASSESSMENT - We understand that the premises have a rateable value of £10,750 effective from 1st April 2023. 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 D 92.
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
- Approximately 93.09 sq m (1,002 sq ft)
- Busy Town Centre Location
- Approximately 10 Miles South-West of Newcastle & 9 Miles North-West of Durham
- Surrounding Occupiers: Greggs, Boots, Betfred, Specsavers & Lloyds Bank
- Private Car Parking / Loading to Rear
- No Business Rates Payable (Subject to Eligibility)
- New EFRI Lease Available
- Rent of £9,500 pax