70 Medomsley Road, Consett, Co. Durham, DH8
Freehold £135,000

PROMINENT TOWN CENTRE RETAIL / OFFICE UNIT FOR SALE / TO LET             

LOCATION
Consett is a market town situated 14 miles southwest of Newcastle upon Tyne and 13 miles northwest 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.

SITUATION
The subject property occupies a prominent position on Medomsley Road which benefits from high volumes of passing traffic and footfall. Surrounding occupiers include Papa Johns, Ramsdens, Westway Vets, Domino's Pizza, Iceland, Euronics & Pattinson Estate Agents.

DESCRIPTION
The premises comprise a two storey mid-terrace retail unit of brickwork construction beneath a pitched slate covered roof, incorporating uPVC double glazed windows and doors.

We feel that the property is suitable for a variety of uses. Most recently it has operated as a cafe / restaurant with seating at ground and first floor but was previously the offices of a local firm of Accountants for many years, until their business was sold.

ACCOMMODATION
Ground Floor - 79.62 sq m (857 sq ft)
First Floor - 51.61 sq m (556 sq ft)
Basement - 25.55 sq m (275 sq ft)

TOTAL 156.77 sq m (1,688 sq ft)

TERMS
The property is available by way of a New EFRI Lease for a term of years to be agreed at a Rent of £12,000 pax.

Alternatively, our client will consider offers in the region of £135,000 for the benefit of their Freehold interest.

BUSINESS RATES
Rateable Value : £5,800 (Effective 1st April 2023)
Estimated Rates Payable: £0

Our estimates are calculated by applying the appropriate Business Rate Multiplier to the RV and (if applicable) making an adjustment for Small Business Rate Relief. Not all properties or 'small businesses' qualify for relief.

It is important that interested parties confirm the accuracy of this information and the rates payable with the Local Authority.

ENERGY PERFORMANCE
EPC rating B41.

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.

VIEWING & FURTHER INFORMATION
For general enquiries and viewing arrangements please contact Sole Agents; Graham S Hall Chartered Surveyors.