The Old Powerhouse at Garden Cottage, Plawsworth, Durham, DH3 4EQ
0191 731 8660
| Property Type | Retail |
| Tenure | To Let |
| Size | 980 sq ft |
| Rent | £20,000 per annum |
| Business Rates | Upon Enquiry |
| Rateable Value | £10,000 |
| Service Charge | Upon Enquiry |
| VAT | Applicable |
| Energy Performance Rating | This property has been graded as C (52) |
Chester-le-Street is a busy market town located approximately 10 miles south of Newcastle upon Tyne and 6 miles north of Durham City. The town benefits from a main line railway station and easy access to the A1(M).
The property is situated on the west side of Front Street close to its inter-section with Market Place, midway between North Burns and South Burns, where Tesco have their town centre superstore.
Front Street is the principal shopping street within the town center and surrounding occupiers include; B&M Bargains, Greggs, Coral, Boots, Superdrug & Costa Coffee.
The property comprises a self-contained ground floor retail unit within a two-storey end of terrace building. We understand that the building was constructed in the early 1900’s and was redeveloped in 2007. The property is of masonry construction with a pitched slate tile roof.
The unit is rectangular in shape and is configured to provide ground floor retail sales together with ancillary storage, kitchen and WC facilities to the rear.
| Name | sq ft | sq m |
|---|---|---|
| Ground | 980 | 91.04 |
The property is available by way of a new EFRI lease for a term of years to be agreed at an annual rental of £20,000.
Rateable Value: £10,000 (Effective 1 April 2023)
If the ingoing tenant is eligible for Small Business Rates Relief, no business rates will be payable. Without relief, the rates payable are currently £4,990 per annum. Interested parties should confirm the exact amount with the Local Authority.
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.
Each party to be responsible for their own costs incurred in this transaction.
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.
A partner of this practice has an interest in this property.
Established in April 2017, Graham S Hall Chartered Surveyors are a highly regarded independent firm of Chartered Surveyors and commercial property agents based in Durham.
We are passionate about property and getting the best results for our clients. We pride ourselves on hard work and giving good honest advice, irrespective of the fee and even when it might not be what the client wants to hear.
While our focus is primarily on sales, lettings and acquisition of retail, office, industrial and investment, we also offer extensive experience in asset management, development and lease advisory, such as lease renewal and rent review.
Our main core areas of work include:
Leasing and letting
Sale and purchase
Investment sale and purchase
Lease renewal and rent review
Asset management
Development
Consultancy
Expert witness
However big or small, we are ready to help. Talk to us today.
