The Old Powerhouse at Garden Cottage, Plawsworth, Durham, DH3 4EQ
0191 731 8660
| Property Type | Retail |
| Tenure | For Sale |
| Size | 300 sq ft |
| Price | £75,000 |
| Business Rates | £1,146 per annum Or £0 per annum with SBRR |
| Rateable Value | £3,000 |
| VAT | Not applicable |
| Energy Performance Rating | This property has been graded as B (42) |
Carrville is a popular and well-established residential suburb situated approximately 2 miles east of Durham City Centre.
The property occupies a prominent position on High Street within an established local parade serving the surrounding residential population. Nearby occupiers comprise a mixture of independent retailers, service providers and residential accommodation.
The location benefits from excellent accessibility to Durham City Centre, the A690 and Junction 62 of the A1(M), making it a convenient trading position with a substantial surrounding catchment population.
The sale comprises the freehold hot food takeaway premises known as 99A High Street together with the retained freehold interests relating to 99B High Street, 100 High Street and 101 High Street, occupying a prominent position within the established retail parade at Carrville.
Internally, the takeaway premises provide customer sales space together with preparation, storage and ancillary kitchen areas. The property benefits from an established extraction system and takeaway consent, allowing a purchaser to continue operating the premises for its current use without the time, cost and uncertainty often associated with obtaining new takeaway permissions.
To the rear is a substantial enclosed yard area providing valuable servicing, loading and parking facilities. Such external space is relatively uncommon for premises of this nature and offers flexibility for operational requirements.
The property is considered likely to appeal to owner occupiers seeking an affordable business premises, investors, or operators looking to establish or expand a food-led business from a ready-configured location. Alternative commercial uses may also be suitable, subject to any necessary consents.
The majority of the existing fixtures, fittings and commercial kitchen equipment may also be available by separate negotiation.
| Floor/Unit | sq ft | sq m |
|---|---|---|
| Ground | 300 | 27.87 |
Freehold.
The sale includes the takeaway premises known as 99A High Street together with the retained freehold interests relating to 99B High Street, 100 High Street and 101 High Street. The adjoining properties are understood to be held on long leasehold interests.
Whilst these retained freehold interests generate little or no current income, they provide ongoing control of the building structure and may offer longer-term reversionary value.
Further information is available upon request.
Offers in the region of £75,000 are invited for the benefit of our clients' freehold interest.
Rateable Value: £3,000
Subject to status, qualifying occupiers may benefit from 100% Small Business Rates Relief. Interested parties should make their own enquiries with Durham County Council.
B (42)
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 legal 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.
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.
