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REF: NE2244

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Food & Drink Opportunity

Chester le Street

Nil Premium (Leasehold)

REF: NE2244

Location

 

These commercial premises are located within the town centre on North Burns, opposite the Market Place and close to Domino’s Pizza and the Tesco supermarket.

 

Chester le Street is a popular and sought-after market town with good schools, ample amenities and a main line railway station.

 

This unit is close to a parade that generates high levels of footfall and there is ample car parking nearby.

 

Description

 

The premises comprise a self-contained ground floor and first floor space forming part of a larger 3 storey building.  Other tenants include a taxi office and a dance school.

 

The premises previously traded as a Fish & Chip takeaway and restaurant but would be suitable for a variety of uses, subject to landlord’s consent.

 

The unit has been stripped back, and the landlord will work with prospective tenants in respect of any initial works or rent incentives.

 

Accommodation

 

The property has been measured with the following Gross Internal Areas;

 

Ground Floor

Main Space               1,800 sq.ft. (167 sq.m.).

Rear Shop                    110 sq.ft. (  10 sq.m.).        

W.C.

 

First Floor

Stores                            250 sq.ft. (23 sq.m.).

Rear Service Access

Tenure

 

A new full repairing and insuring lease is available at a rent of £20,000 per annum with full terms to be agreed. The ingoing tenant will be responsible for the landlord’s legal costs in the preparation of the new lease.

 

Services

 

Water, gas and electricity is installed.

 

EPC

 

Rating TBC.

 

Business Rates

 

The premises are assessed as follows:

Rateable Value           £ to be reassessed.

Rates incentives subject to individual status.

 

Money Laundering Regulations

 

In accordance with the current Anti-Money Laundering Regulations, the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.

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