Unspecified Property Type For Sale

Key Details

Property Description

The property is situated in the heart of Chester-le-Street, a large market town approximately 7 miles north of Durham City and 11 miles south of Newcastle upon Tyne. Front Street serves as the main shopping street in Chester-le-Street, hosting various national and independent businesses

The property is arranged over ground and first floor with both floors being suitable for office space. The ground floor space has a large glass frontage and benefits from a kitchen, toilet and meeting room as well as the main office floor. The first-floor office has a separate entrance and has recently undergone a refurbishment.

The Freehold is available for sale at �220,000. The ground floor tenant is currently holding over, paying �12,900 per annum. The first floor is currently vacant.

The rateable value of the premises as at 1 April 2023 is �12,700 meaning the rates payable is �6,337.30 per annum. This is based on the standard uniform business rates multiplier of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.

• Location