12 Newbottle Street, Houghton Le Spring DH4 4AA

Property Details: • Type: 1,456 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Prominent Town Centre • Nearby Occupiers Include; Superdrug • Lidl, Costa, B&M, Dominos and Subway • Front Serviced • May Suite a Dance or Yoga Studio • Ground Floor Sales 1,288 sq ft

Location: • Nearest Station: South Hylton Metro Station • Distance to Station: 3.4 miles

Agent Information: • Address: 4 Halegrove Court Cygnet Drive Preston Farm Business Park TS18 3DB

Full Description: The town of Houghton le Spring is located approximately 9 miles northeast of Durham and 7 miles southwest of Sunderland. Newbottle Street is the principal shopping area within the town, and the property sits immediately adjacent to Superdrug and opposite Iceland. B&M, Costa, Heron Foods, Dominos, Lidl and Subway are close by.The unit provides level access open plan sales on ground floor only with extensive full height glazed frontage protected by external electric roller shutter onto Newbottle Street. Gas fired central heating. High ceiling lends itself to Dance or Yoga studio or children’s nursery/creche play potentially or a Bar / Restaurant subject to the relevant planning.LEASE TERMSThe unit is offered on a new full repairing and insuring lease, subject to an upwards only rent review at the 5th anniversary of the lease at a rental of £15,000 per annum exclusive.RATING ASSESSMENTWe understand that the unit is to be re assessed under the 2023 revaluation at reduction to £13,750 RV. The Uniform Business Rate for 2023/24 is 0.512 pence in the £. Interested parties should verify the accuracy of this information and the rates payable with the Local Rating Authority but this level should allow some savings under Small Business rates Relief.ENERGY PERFORMANCE CERTIFICATE The Energy Performance Asset Rating has been assessed as D(96). A full copy is available for inspection upon request.Accommodation:Ground Floor Sales : 1,275.00 sqft Rear Office: 168.00 sqft Store: 13.00 sqft Total: 1,456.00 sqft