24 Victoria Road, Consett, DH8 5AY

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.

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.

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)

EPC
Awaiting EPC.

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.

Business Rates
The property is currently assessed as small individual suites and will require reassessment following reconfiguration and alterations. Based on the VOA’s current £ rate per sq m, both suites should qualify for Small Business Rate Relief if occupied separately, but not if the entire floor is taken as a whole. Interested parties should always confirm 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 us on this basis and where silent, offers will be deemed net of VAT.