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Commercial Property for sale

Horsemarket, Barnard Castle, Co Durham

Sold STC £175,000

Property Description

Key features

  • For Sale or Commercial Let
  • Prime Town Location
  • Frontage to Footpath
  • Stores to Ground Floor
  • First Floor Stores/Office/Kitchen

Full description

For sale at £175,000 or to let:

Required Rental: £1,000 PCM on IRI terms. The length of term is negotiable.

Situated centrally within a prime location in Barnard Castle, 10 Horsemarket offers a most valuable opportunity to obtain a tailor-made trading lease. The primary trading area has 43.89 m² of prime retail over 6.63m of free frontage direct to public footpath. To the rear a further interior retail of 28.99m. The whole of the ground floor is on two primary levels. In addition, the let includes 3.68m of stores to the ground floor and a further 19.05m of stores, offices and kitchen facilities to the first floor, with fixed stair access.

The rental required is £12,000 on IRI terms with three yearly reviews to market rental value. The remaining terms are largely negotiable.

The length of term is negotiable but excluded from the Landlord & Tenant Act 1954 sections 24-28. Any renewals after the initial term will have to be undertaken by negotiation.

Tenants shall be liable for obtaining any necessary planning consents for changes/permissions. The landlord is happy, however, to agree and sign a lease pre-entry to allow for the tenants to apply for any change of use required.

The tenants shall be liable for 50% of the cost of the preparation of the lease and the stamp duty occasioned by the lease (if any).

References will be sought by the letting agents in advance of acceptance.

A deposit of two months rental will be required, which may be negotiable depending upon reference.

Interested parties should make clear the intended use for the property and provide a formal business plan upon making the application.

Strictly by appointment through the agents.

Energy Performance Certificates (EPCs)

Map & Street View

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