23 Middle Street, Consett, DH8 5QP

Description
The property comprises a mid-terraced building of traditional stone construction with an attractive frontage featuring two distinctive porthole-style windows. The roof is mixed, pitched to the front and rear with a flat section to the centre.

The ground floor provides a retail sales area to the front with back-of-house/storage space to the rear, divided by lightweight stud partitions that could be removed to create a larger open-plan area if required. Additional facilities include a small office, staff kitchen and WC.

The first floor and attic offer a series of rooms historically used as workshops and storage, providing useful ancillary accommodation.

Rear access opens onto a service lane directly adjoining the Albert Road car park, the largest in the town, allowing convenient loading and customer access.

Until recently trading as a long-established jewellers, the property suits a variety of retail, service or showroom uses. It also offers redevelopment potential (subject to consent), including a vertical split to create a self-contained ground floor retail unit with separate residential accommodation to the rear, or conversion of the upper floors to self-contained residential, office or mixed-use accommodation with independent rear access.

Location
Consett is a popular County Durham market town with a population of over 30,000. It lies approximately 14 miles south-west of Newcastle upon Tyne and 13 miles north-west of Durham City, offering easy access to both within around 25 minutes. The town is well positioned at the junction of the A691 and A692, close to the A1(M) and within 2 miles of the A68.

The property occupies a prominent position in the heart of the town centre on Middle Street, Consett’s prime retailing thoroughfare. This section benefits from strong footfall, being close to Greggs, Cooplands, Superdrug and Specsavers, and only a 1–2 minute walk from Consett’s two main public car parks (c. 250 spaces) and the town’s bus interchange.

Terms
We are instructed to seek offers over £130,000 for the benefit of our clients freehold interest.

Business Rates
The property has a Rateable Value of £12,000. If an occupier is eligible for Small Business Rates Relief, no rates will be payable. Otherwise, c. £6,000 per annum will be payable. Interested parties should confirm details with the Local Authority.

VAT
We understand that the property is elected to tax, and VAT will therefore be chargeable on the purchase price.

All prices quoted herein are exclusive of VAT. All offers are to be made to Graham S Hall on this basis, and where silent, offers will be deemed net of VAT.

Legal Costs
Each party to be responsible for their own costs.

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.

About Us
Established in April 2017, Graham S Hall Chartered Surveyors are a highly regarded independent firm of Chartered Surveyors and commercial property agents based in Durham.

We are passionate about property and getting the best results for our clients. We pride ourselves on hard work and giving good honest advice, irrespective of the fee and even when it might not be what the client wants to hear.

While our focus is primarily on sales, lettings and acquisition of retail, office, industrial and investment, we also offer extensive experience in asset management, development and lease advisory, such as lease renewal and rent review.

Our main core areas of work include:

Leasing and letting
Sale and purchase
Investment sale and purchase
Lease renewal and rent review
Asset management
Development
Consultancy
Expert witness

However big or small, we are ready to help. Talk to us today.