Front Street, Chester Le Street, DH3

Property Details: • Type: Restaurant • Tenure: N/A • Floor Area: N/A

Key Features:

Location: • Nearest Station: Chester-le-Street Station • Distance to Station: 0.2 miles

Agent Information: • Address: 26-27 New Elvet, Durham, DH1 3AL

Full Description: LOCATIONThe property is situated on Front Street which is the main retail parade within the County Durham town of Chester Le Street. The subject premises are located centrally on Front Street which comprises a mixture of local and national operators, with many having recently concluded acquisitions in the town centre. Neighbouring occupiers include Barclays, Shoezone, Santander and Boots. Chester Le Street is a market town in County Durham with a district population of 53,672 and situated approximately 10 miles south of Newcastle upon Tyne and close to the junction of the A167 and A1(M).DESCRIPTIONThe subject property comprises of a brick-built building with a stone render to the ground floor section beneath a flat felt roof. The ground floor comprises glazed frontage with carpeted floor and ready to fit out sales area. The first floor provides storage, kitchen and w/c facilities. ACCOMMODATIONGround and First floor 128.8m² 1,386ft²RATING ASSESSMENTDescription RV Estimated Rates PayableShop and premises £18,000 £8,982We are advised that the rateable value of the premises as at 1 April 2017 is £18,000 and £3,050 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 49.9p in the pound. However, interested parties should confirm the current position with the Local Authority.EPC RATINGRating to be confirmedTERMSThe property is available to let by way of a new FRI lease for a term of years to be agreed at £16,000 (Sixteen Thousand Pounds) per annum. Flexible terms may be available.VATAll rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.LEGAL COSTSEach party is to bear their own legal costs involved in the transaction. MONEY LAUNDERING REGULATIONSIn accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.VIEWINGFor general enquiries and viewing arrangements please contact Joseph I’Anson at Bradley Hall.Tel: Email: joseph.