- Ground Floor Retail Unit of Approximately 80.00 sq m (861 sq ft)
- Popular County Durham Village, Approximately 2 Miles South of Durham City Centre
- Prominent Position on Established Retail Parade
- High Volumes of Passing Traffic
- Surrounding Occupiers Include; Tesco Express, Lidl and the RSPCA
- External Refurbishment Scheduled
- Would Suit a Variety of Uses (Subject to Consents)
- New EFRI Lease Available
- REDUCED RENT £7,500 pax
PROMINENT RETAIL UNIT TO LET ON ESTABLISHED RETAIL PARADE WITH HIGH VOLUMES OF PASSING TRAFFIC
The property is located in Langley Moor, a small County Durham village, approximately 2 miles south of Durham City Centre and 9 miles north of Bishop Auckland.
The subject property occupies a prominent position on High Street which is the main retail pitch within the village. Notable nearby operators include: Tesco Express, Lidl, RSPCA and Salvation Army.
The building comprises a mid-terrace property under a pitched slate roof. The property is arranged over two floors, with retail accommodation to the ground floor and residential on the first.
The available space comprises, a ground floor retail unit with open plan sales to the front and ancillary storage and staff WC facilities to the rear. The premises is well presented with double fronted glazed retail frontage with signage over, finished floorboards, plastered, skimmed walls and freshly decorated walls.
Approximately 80.00 sq m (861 sq ft)
The property is available by way of a new EFRI lease for a term of years to be agreed at a rent of £7,500 pax.
We understand that the premises have a rateable value of £6,300 effective from 1st April 2023. Under current government legislation, Small Business Rate Relief could result in no rates being payable (subject to eligibility). It is recommended that any interested party confirm the accuracy of this information and the rates payable with the Local Authority.
EPC Rating – C 60.
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Graham S Hall upon this basis and where silent, offers will be deemed net of VAT.
Each party to be responsible for their own costs incurred in this transaction.
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 purchaser / tenant.
For general enquiries and viewing arrangements please call sole agents Graham S Hall Chartered Surveyors.