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Retail Property (high street) to rent

Unit 15 St Cuthberts Walk Shopping Centre

£25,000 pa| £2,083 pcm

Property Description

Key features

  • Located in the Town's Only Covered Shopping Centre
  • Ground Floor Sales 162 m (1,744 sq ft)
  • Incentives Available
  • Occupants include Morrisons, Iceland and Boots
  • Adjoining 370 space car park
  • Rent from 22,500 pax

Full description

SITUATIONSt Cuthbert’s Walk Shopping Centre is situated on Front Street the principle retail street in the market town of Chester-le-Street. Road communications to Chester-le-Street are excellent with access via the A167 to Durham and the South and the A692 to Stanley in the West.Chester-le-Street also lies off junction 63 of the A1(M) providing excellent access to Newcastle, Gateshead, Darlington, Durham and all major road networks. Chester-le-Street also boasts a mainline railway station on the East coast mainline.DESCRIPTIONSt Cuthbert’s Walk Shopping Centre is the principle covered shopping centre in the heart of Chester-le-Street town centre extending to approximately 60,000sq ft and adjoining a 370 space car park anchored by the Morrison’s Supermarket with further lettings to Iceland Frozen Foods, Boots the Chemist Ltd, Peter’s Cathedral Bakers and Thornton’s Cafe.ACCOMMODATIONGround Floor 162 m2 (1,744 sq.ft) ITZA 99 m2 (1,066 sq.ft)TERMSThe property is available by way of a new effective full repairing and insuring lease for a term of years to be agreed subject to a 3 or 5 yearly upward only rent reviews. The tenants are to be responsible for internal repairs together with all repairs to doors and windows and with the landlord responsible for all external repairs having a right to recover a proportion of these costs together with the cost of maintenance and repair of the common areas, management and security by way of a service charge. The landlord will insure the property and recover a proportion of the annual insurance premium from each tenant.RATING ASSESSMENTWe understand that the rating assessments on the premises as at 1 April 2010 is as follows, although we would advise that some of the assessments may have been the subject of appeals and any interested party should confirm the current position with the Local Authority.Description RV Shop & Premises £24,750As a new occupier rights of appeal may exist against this assessment. For further information contact our Rating Department at this office.

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