52 Middle Street, Consett, Co. Durham, DH8
Freehold £120,000

FOR SALE / TO LET - PRIME TOWN CENTRE RETAIL UNIT                           

LOCATION
Consett is a popular County Durham market town that is home to over 30,000 people.

The town is situated approximately 14 miles south-west of Newcastle upon Tyne and 13 miles north-west of Durham City, making it accessible from both cities within 25 minutes. 

Consett is well positioned at the junction of the A691/A692, both of which provide links to the A1(M) and within 2 miles of the A68 which provides access further north to Edinburgh.

SITUATION
The property lies in the heart of the town centre on Middle Street, Consett's prime retailing thoroughfare and occupies a prominent position, next door to Domino’s Pizza and close to Specsavers, Greggs and The Post Office.

Access to car parking is excellent, with the town's two main car parks; the Victoria Centre (c. 100 spaces) and Albert Road / Nile Street (c. 150 spaces) both being within comfortable walking distance (1-2 mins). 

The property is located within very close proximity of the towns bus interchange which provides links to surrounding towns such as Stanley and Chester-le-Street as well as the cities of Durham, Newcastle and Sunderland. 

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DESCRIPTION
The property comprises a two storey retail unit with attractive ground floor sales and first floor ancillary staff and / or storage. We understand that loading is available via the service yard to the rear.

ACCOMMODATION
Ground Floor - 62.80 sq m (676 sq ft)
First Floor - 40.30 sq m (434 sq ft)

Total - 103.10 sq m (1,110 sq ft)

TERMS
The premises are available on a new full repairing and insuring lease for a term of years to be agreed at a rent of £12,000 pax. 

Alternatively, our client would consider a sale of their Freehold interest and we are instructed to seek offers of £120,000.

BUSINESS RATES
Rateable Value (Effective 1st April 2023) - £8,000
Estimated Rates Payable - £0

Our estimates are calculated by applying the appropriate Business Rate Multiplier to the RV and adjusting for Small Business Rate Relief. Not all properties or 'small businesses' qualify for relief. Interested parties should confirm the accuracy of this information and the actual rates payable with the Local Authority.

ENERGY PERFORMANCE
Awaiting EPC.

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.