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Retail Property (high street) to rent

Unit 12 St Cuthberts Walk Shopping Centre

£7,500 pa| £625 pcm

Property Description

Key features

  • Located in the Town's Only Covered Shopping Centre
  • Ground Floor 46.17m2 (497 sqft)
  • Fully Fitted as a Hairdressing Salon Ready to Trade Immediately
  • Rent Includes All Fixtures and Fittings
  • 370 Space Car Park
  • Rental from 7,500 per annum

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.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 with 370 car parking spaces anchored by the Morrisons food store with further lettings to Iceland Frozen Foods, Boots the Chemist Ltd and Thorntons.ACCOMMODATIONThe accommodation briefly comprises:Ground Floor Sales 50.26m² (541 sq ft) 46.17m² (497 sq ft) ITZATERMSThe property is available by way of a new lease on flexible terms. New 5 year leases are being offered with incentives of half rent for the first 2 years based on the headline rent of £15,000pax. The tenants are responsible for internal repairs together with all repairs to doors and windows 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 insures the property and recovers 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 £14,500 As 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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