First Floor, 24 Victoria Road, Consett, Co. Durham, DH8

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 occupies a prominent corner position on Victoria Road which is an established retail area within the town centre. The property has return frontage onto Raglan Street, which leads to Middle Street, the town centres primary retail pitch.

The property is located within very close proximity of towns bus interchange which provides links to surrounding towns such as Stanley, Chester-le-Street as well as Durham City, with further premium 'X-lines' offering access to Newcastle and Sunderland.

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DESCRIPTION
The property comprises a two-storey mixed use commercial building with retail sales to ground floor and offices to first.

Forsters (Radio & TV) occupy the ground floor space, retailing high quality electrical goods. Forsters was established almost 70 years ago and is a successful family run business that now operates in partnership with Euronics, which now has over 600 stores nationwide.

The first-floor offices are self-contained with access gained via Raglan Street. The space has been refurbished and very well managed in recent years and briefly comprises: painted plaster walls and ceilings (suspended ceilings to part), anthracite grey carpet, category II lighting, perimeter trunking, wall mounted electric heaters and each suite benefits from their own WC's.

ACCOMMODATION

Suite A - 90.95 sq m (979 sq ft)
Suite B - 152.63 sq m (1,643 sq ft)

TOTAL - 243.58 sq m (2,622 sq ft)

TERMS
The spaces is available in whole or part, by way of new EFRI leases for a term of years to be agreed between the parties at the following rents:

Suite A - £7,000 pax (£7.15 per sq ft)
Suite B - £11,500 pax (£7.00 per sq ft)

Whole First Floor - £18,500 pax (£7.06 per sq ft)

ENERGY PERFORMANCE
Awaiting EPC.

BUSINESS RATES
The Property is currently assessed as small individual suites and as such, the property will need to be reassessed, following completion of the reconfiguration and alterations.

Based on the current £ rate per sq m applied by the VOA, we believe that both suites would likley benefit from Small Business Rate Relief if taken individually. This would certainly not be the case if the floor was taken as a whole.

Please note: not all 'small businesses' qualify for relief. It is important that interested parties confirm the accuracy of this information and the actual rates payable with the Local Authority.

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
For general enquiries and viewing arrangements please contact sole agents Graham S Hall Chartered Surveyors.