Property

Offices Retail

Former Post Office, Victoria Road, Consett, DH8 5AA

The subject property comprised the town centre’s former post office, offering clear clear ground floor retail space with ancillary storage. The property is in the process of being separated from the upper floors, more details are available on request. Externally there is a shared rear service yard with parking. The property could suitable for a variety of uses subject to the relevant planning permissions.

LOCATION

Consett is situated around 15 miles to the south west of Newcastle upon Tyne and 12 miles to the north west of Durham. The town has a resident population of around 30,000.

The property is situated at the corner of John Street and Victoria Road, which is parallel to Middle Street, the main retail thoroughfare in Consett. Nearby occupiers include The Old Court House Bar & Kitchen, Sambuca Restaurant and Consett Carpet Centre.

ACCOMODATION

Ground floor net internal area:- 145.76 sq m    (1,569 sq ft)

TERMS

The premises are available by way of a new full repairing and insuring lease at a rent of £15,690 per annum (exclusive). All other terms to be negotiated.

Alternatively, the freehold interest of the whole property may be available to purchase subject to the existing tenancies – more information and price available on application.

RATING ASSESSMENT 

The rating assessment currently appearing on the 2017 Valuation List is as follows:

Shop & Premises:  £11,750

The Small Business rate for the year 2020/2021 is 49.9 pence in the pound.

LEGAL COSTS

Each party to bear their own legal costs incurred in the transaction.

EPC

A new Energy Performance Certificate has been commissioned and will be made available as soon as possible.

VAT

All figures quoted are exclusive of VAT where chargeable.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful tenant.

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