Commercial Property To Let
Retail
Retail Unit
Chester le Street
£15,500 (Leasehold)
REF: NE2181
Location
These commercial premises are located within the town centre on Front Street near the junction with Station Road.
Chester le Street is a popular market town with good schools, ample amenities and a main line railway station. This unit is within the main shopping district close to multiples that generate high levels of footfall and with car parking nearby.
Description
The unit comprises a self-contained ground floor unit forming part of a larger block. The premises are currently occupied by a board games café and shop who are relocating to a larger venue.
This space would be suitable for a variety of uses, subject to landlord’s consent.
Accommodation
The property has been measured with the following Gross Internal Areas;
Ground Floor 1,850 sq.ft. (172 sq.m.).
Retail Area
Kitchen
2x W.C.’s
1 x DDA compliant W.C.
EPC
Rating B.
Services
Water, electricity and gas fired central heating is installed.
Tenure
The premises are held on a 6 year lease from 2023 at a passing rent of £15,500 per annum. There is a rent review at the 3rd anniversary but no break clauses within the term. There is a service charge applicable.
Legal Costs
The ingoing tenant is to be responsible for the landlord’s legal costs in the assignment of the existing lease.
Business Rates
The premises are assessed as follows:
Rateable Value £15,500 (2023 list)
Rateable Value £15,750 (2026 list)
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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