Restaurant & Retail Opportunity – Available Separately or Combined

Key Features

• Established restaurant premises with modern ground floor dining/bar with extensive lower ground prep kitchen and storage
• Fixtures and fittings included, subject to agreed lease terms
• Separate newly refurbished, self contained retail / office unit
• Prominent town centre position with strong passing traffic
• Small Business Rates Relief available (subject to eligibility)
• Sale of the whole may be considered on a new long leasehold basis

Location

Consett is a popular County Durham market town with a population in excess of 30,000. The town is situated approximately 14 miles south-west of Newcastle upon Tyne and 13 miles north-west of Durham City, with good access via the A691/A692 linking to the A1(M) and A68.

Britannia Shops occupy a prominent position on Victoria Road within the town centre, close to the bus interchange and surrounding retail and business occupiers.

Description

The available units form part of an established mixed-use terrace and are available either individually or combined.

No. 2 comprises a partially fitted restaurant arranged over ground and lower ground floor. The ground floor provides a modern glazed frontage leading into a dining area and bar of 714 sq ft, with fitted servery, feature lighting and customer WC facilities. Tables and chairs can be included if required, and the dining area benefits from a c.12-month-old air conditioning system.

To the rear of the ground floor is a commercial kitchen of 147 sq ft, fitted with stainless steel extraction canopy, gas range and preparation areas. The lower ground floor provides a substantial secondary kitchen, prep and storage area of 590 sq ft, including stainless steel worktops, wash-up facilities and a walk-in refrigerator, offering excellent capacity for higher-volume operation.

No. 3 is a self-contained, newly refurbished retail / office unit with independent access and accessible WC. The unit has been redecorated and fitted with suspended ceilings incorporating inset lighting and grey carpet flooring.

The units were previously interconnected to create a larger restaurant and could be combined again if required.

Available area

Terms

The properties are available by way of new effectively full repairing and insuring leases for terms to be agreed at the rents stated above.

Alternatively, our client may consider a sale of the two units together on a long leasehold basis. Further details are available upon application.

Business Rates

No. 2 – Rateable Value £6,500 (effective 1 April 2026)
No. 3 – Rateable Value £4,050 (effective 1 April 2026)

Taken individually, both fall below the current Small Business Rates Relief threshold and may qualify for relief, subject to eligibility. If combined, the assessment will require review. Interested parties should confirm actual liability with the Local Authority.

VAT

All rents and purchase prices quoted are exclusive of VAT. All offers are to be made on 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 the transaction.

EPC

No. 2 – EPC Rating B (48)
No. 3 – EPC Rating C (70)

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.