Town Centre Retail or Café/Restaurant Opportunity

Key Features

• Prominent town centre location with high volumes of passing traffic
• Consett is a popular Co. Durham town approximately 14 miles south-west of Newcastle & 13 miles north-west of Durham
• Located directly opposite Consett Medical Centre and close to several pharmacies, J D Wetherspoon & Argos
• Would suit a variety of uses including: retail café / restaurant, salon, professional services or hot food takeaway (subject to consents)
• Small business rate relief available (subject to eligibility)

Location

Consett is a popular market town situated 14 miles south-west of Newcastle upon Tyne and 13 miles north-west of Durham City at the junction of the A691/A692, both of which provide the link to the A1(M).

Consett is home to over 37,000 people, growing to 68,000 people within a 30-minute drivetime.

The subject property occupies a prominent position on Station Road, opposite Consett Medical Centre and benefits from high volumes of passing traffic.

Nearby occupiers include: Lloyds Pharmacy, JD Wetherspoon, Argos, Lloyds Bank and Home Bargains.

Description

The property comprises a two-story terraced commercial premises, providing ground floor retail and first floor office accommodation. The available space comprises, a ground floor retail / restaurant unit with open plan sales and kitchen / WC facilities to the rear.

Available area

Terms

The property is available by way of a new EFRI lease for a term of years to be agreed at a rent of £12,500 pax.

Business Rates

We understand that the premises have a rateable value of £5,700 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. As a new occupier, rights of appeal may exist against the assessment.

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.

About Us

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.