Description
The property comprises substantial, double-fronted retail premises providing approximately 4,306 sq ft of accommodation arranged over the ground and first floors.
The ground floor provides predominantly open-plan retail accommodation with an extensive glazed frontage to Middle Street, together with ancillary accommodation and access to the rear. The first floor provides extensive additional accommodation suitable for storage, staff facilities, or other ancillary uses.
The premises benefit from an existing suspended ceiling and LED lighting and are considered suitable for a wide variety of retail, leisure, service, and other commercial uses, subject to any necessary statutory consents.
The property will be offered with vacant possession, with the current occupier in the process of removing its fixtures, fittings, and other business-specific items.
Location
The property occupies a prominent position on Middle Street, within the heart of Consett's principal pedestrianised retail area.
Middle Street forms the town's main retail thoroughfare and accommodates a mix of national, regional and independent occupiers. The property is also conveniently positioned for Consett's principal public car parks and bus station, with rear access providing additional servicing convenience.
What3words
///funny.grapes.gone
Terms
The property is available to let on a new lease for a term of years to be agreed at a rent of £28,000 per annum exclusive.
Alternatively, the freehold is available for sale with vacant possession at a price of £250,000.
Business Rates
Based upon the 2026/27 small business Retail, Hospitality and Leisure multiplier of 38.2p, the estimated rates payable for a qualifying retail use are approximately£10,320 per annum. The actual liability will depend upon the occupier, use and any applicable other adjustments. Interested parties should verify the position with the Local Authority.
VAT
All rents quoted are exclusive of VAT. All offers are to be made on this basis and, where silent, offers will be deemed net of VAT.
Legal Costs
Each party is to be responsible for their own legal costs incurred in connection with the transaction.
EPC
Awaiting EPC
Anti-Money Laundering Regulations
In accordance with anti-money laundering regulations, the successful tenant will be required to provide identification and satisfactory evidence of the source of funds prior to completion.
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.
