Raglan Street, Consett, DH8 5AW

Description
The property has recently undergone a substantial refurbishment following the subdivision of a larger retail unit into two smaller, self-contained ground-floor units.

The works included new utility supplies, fire alarms, suspended ceilings, LED lighting, DDA-compliant WCs and kitchen facilities, as well as carpeting and the installation of wall-mounted electric heaters throughout. The frontage to Raglan Street has been fully upgraded with brand-new glazed aluminium shop fronts and externally mounted roller shutters, providing a secure and modern finish.

Location
Consett is a popular market town in County Durham, home to over 30,000 people. It lies approximately 14 miles south-west of Newcastle upon Tyne and 13 miles north-west of Durham City, with both cities accessible within 25 minutes.

The town is well positioned at the junction of the A691 and A692, both of which connect to the A1(M). It is also within 2 miles of the A68, offering further access north towards Edinburgh.

Terms
New lease available for a term of years to be agreed at a rent of £8,500 pax.

Situation
The property is located on Raglan Street, which connects directly to Victoria Road and Middle Street, the town’s primary retail pitch, ensuring good footfall and visibility.

It lies within close proximity to the town’s main bus interchange, which provides regular services to surrounding towns including Stanley, Chester-le-Street, and Durham City. Premium ‘X-lines’ routes also offer convenient access to Newcastle and Sunderland.

Neighbouring occupiers include: Domino's Pizza, Forsters (Euronics), Card Factory, Superdrug, & Sambuca.

EPC
Awaiting certificate

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.

Business Rates
Rateable Value: £7,000 (Effective Oct 2024)
Estimated Rates Payable: £0

Our estimates are calculated by applying the appropriate Business Rate Multiplier to the RV and adjusting for Small Business Rate Relief, if applicable. Not all properties or ‘small businesses’ qualify for relief. Interested parties should 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.