Ground Floor Retail Unit

Key Features

• Consett is a Co. Durham Town, Located c.14 Miles Southwest Of Newcastle & 13 Miles Northwest Of Durham
• Prominent Town Centre Location with High Levels of Passing Traffic
• Small Business Rates Relief Available (Subject to Eligibility)
• Would Suit a Variety of Uses
• Excellent Opportunity for a Business Owner to Purchase & Operate from the Property Themselves

Location

Consett is a popular County Durham market town that is home to over 30,000 people.

The town is situated approximately 14 miles south-west of Newcastle upon Tyne and 13 miles north-west of Durham City, making it accessible from both cities within 25 minutes. Consett is well positioned at the junction of the A691/A692, both of which provide links to the A1(M) and within 2 miles of the A68 which provides access further north to Edinburgh.

The property occupies a prominent position on Victoria Road which is an established retail and business area within the town centre, within very close proximity of the towns bus interchange which provides links to surrounding towns such as Stanley, Chester-le-Street and Durham City, with further premium 'X-lines' offering access to Newcastle and Sunderland.

Description

This ground floor retail unit, part of a mid-terraced, mixed-use block, is of traditional brick construction with a modern glazed shopfront, recessed doorway, all set beneath a flat roof structure. The large display window offers excellent visibility, making it ideal for retail, leisure or office use.

Available area

Terms

The Property is available by way of a new EFRI lease for a term of years to be agreed between the parties at a rent of £12,000 pax.

Alternatively, our client is willing to consider a sale, with an asking price of £120,000.

Business Rates

Rateable Value: £6,800
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.

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.