SITUATION
Chester-Le-Street is located approximately 3 miles north of Durham, 12 miles south west of Sunderland and 10 miles south of Newcastle upon Tyne. The town is well placed for commuting purposes as it lies a short drive from the A1 (M) Motorway Interchange offering excellent road links to both north and south.
The premises are situated in a prominent position on the east side of Front Street, Chester-Le-Streets principal retail thoroughfare.
A bar and grill restaurant are adjacent to the rear with neighbouring national retailers including Coral Bookermakers, Boots Pharmacy, Poundland and Peacocks.
ACCOMMODATION
The accommodation comprises a three storey licensed premises that forms part of a ,id terrace building of traditional construction, Internally the premises is arranged to provide as a separate bar and dining area at first floor level with separate male and female WCs, with kitchen facilities at second floor level.
The approximate areas are as follows:
First floor dining area
172.99m²
(1,862ft²)
First floor bar with ancillary
83.03m²
(893ft²)
Second floor kitchen
12.66m²
(136ft²)
TERMS
The property is avail by way of a sub lease. The lease is a full repairing and insuring lease with a rent payable of £25,000 exclusive per annum for a term of years to be agreed.
RATING ASSESSMENT
The accommodation has not been separately assessed, however we have been advised by our client that the rateable value for the accommodation available is £7,000 per annum.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
VAT
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.
VIEWING
For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.