Consett is a major County Durham town located approximately 14 miles south-west of Newcastle upon Tyne and 14 miles northwest of Durham City. It is a shopping focus for Derwentside with a realistic catchment population of some 90,000. The town has benefited enormously from substantial investment in recent years and is now home to a number of thriving businesses, the Genesis project has and will continue to generate further success for business parks, recreation and leisure centres and further residential housing is planned. The property is situated on the busy Durham Road in Consett in the heart of a built up residential area. Notable nearby occupiers include Tesco along with takeaway users and other amenities. Description
The property comprises a two storey stone built retail premises with apartment to the first floor, under a slate tile roof. Access to the property is provided via the front entrance that is covered by shutters. Internally the premises comprises front sales area with counter and display racking with the benefit of office, storage and w/c facilities to the rear. To the first floor the apartment benefits from kitchen/lounge, bedroom and bathroom. There is a tenant in occupation on a rolling tenancy generating £4,400 per annum. Accommodation
Ground Floor Retail - 50.86 m² (547 ft²) First Floor Apartment - 45.87 m² (493 ft²) Total Area - 96.73 m² (1,041 ft²) Terms
Our client is seeking offers of £139,950. Full business trading accounts are available with a turnover of c.£170,000 in the previous year including a healthy wage for the owners and a profit for the business year on year. Full details available on request. Rating assessment
Description rv Estimated Rates Payable Shop & Premises £4,350 £2,088 We are advised that the rateable value of the premises as at 1 April 2017 is £4,350 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 48.0p in the pound. However, interested parties should confirm the current position with the Local Authority. Legal costs
Each party is to bear their own legal costs involved in the transaction. VAT
All 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. Viewing
For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors on . Agents notes
You may search our company website for details of all our current instructions. In accordance with the Code of Leasing Business Premises: England and Wales the landlords are willing to consider alternative lease terms to those set out above but please bear in mind that variations may affect the level of rent proposed. A copy of the Code of Leasing Business Premises: England and Wales can be obtained at or obtained from the Royal Institution of Chartered Surveyors, Telephone .
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Guide Price: The “Guide Price” an indication of the seller’s minimum acceptable price at auction. The guide price can be shown in the form of a minimum and maximum price range, or as a single price figure. This is subject to change up to and including the day of the auction and will not necessarily be the final selling price at auction.
Reserve Price: The “Reserve Price” is the seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. This is normally set within the guide price range or within 10% of a single guide price. The reserve price is not disclosed and is subject to change up to and including the day of the auction.