Chester-le-Street, 98 Front Street
Chester-le-Street, 98 Front Street

LOCATION
The property forms part of the principal retail area of Chester-le-Street which focuses on Front Street and the covered St Cuthberts Walk Shopping Centre. Situated immediately to the south of Middle Chare, the property has nearby occupiers including Barclays Bank, Lloyds TSB, HSBC, William Hill and Virgin Money.

DESCRIPTION
The property comprises a substantial ground floor retail unit benefiting from a full height aluminium framed shop front. The unit benefits from rear servicing/access.

ACCOMMODATION
The net internal area is as follows:

Sales    149.98  Sq M  (1,614 Sq Ft)

PLANNING
We understand that the unit benefits from an existing Class A1 (retail) consent.

Interested parties should, however, make their own enquiries with Durham County Council (0300 026 0000).

RATING
The property is entered in the 2010 Rating List with a Rateable Value of £26,750.

Interested parties should make their own enquiries in respect of the rates payable with the Group Valuation Office (0191 220 7000).

LEASE TERMS
The property is available by way of a new effectively full repairing and insuring lease. The tenant will be responsible for internal repairs and will reimburse the landlord the cost of maintaining the structural elements of the property and building insurance.

RENT
£26,000 per annum exclusive.

LEGAL COSTS
Each party will be responsible for their own costs in the transaction.

VAT
All rents, premiums and purchase prices quoted are exclusive of VAT. All offers are to be made to Gavin Black & Partners on this basis and, where silent, offers will be deemed net of VAT.

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Particulars