39 Front Street Chester le Street DH3 3BH

Location

Type Retail
Terms To Let - new lease
Tenure Leasehold
Size 640 sq ft
Price Rental offers in the region of £12,500 per annum
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Description

The property is situated in a prime position in the town’s main shopping street with a mixture of regional and national nearby occupiers including Vision Express, Greggs, Robinsons Estate Agents & Bet Fred. The Original Factory Shop have confirmed that they will be shortly opening in the former M&Co store nearby which shows continuing retailer confidence in Chester le Street. The site is highly visible as it sits just next door to the St Cuthberts Walk Shopping Centre which has the benefit of extensive car parking to the rear.

ACCOMMODATION

The property provides a ground floor retail unit which is relatively open plan and provides extensive sales space . To the rear of the ground floor there is an access to a storage cupboard, WC facility and rear yard which has a shared vehicular access for loading and a dedicated parking space.
BUSINESS RATES

The premises are currently entered into the Valuation List with an RV of £9,700 from 1st April 2023. The current Uniform Business Rate is 0.499p in the £ making rates payable £4,840. On the basis the RV is below the current threshold (RV £12,000) for certain qualifying businesses there may be no rates to pay. Interested parties should carefully verify this rating information with the local
rating authority directly and establish if they qualify as a business that would attract a zero rates status.
ENERGY PERFORMANCE

The current assessment to 13th November 2032 is C-53

LEGAL COSTS

Each party is to bear their own legal costs however the landlord reserves the right to request an undertaking for costs to be classed as a heads of terms deposit, prior to lease issue should the prospective leaseholder withdraw from the transaction once solicitors have been instructed.