1-2 Red Rose Terrace, Chester le Street, County Durham, DH3 3LN

£35,000 per annum

Chester le Street is a historic market town in County Durham, situated on the banks of the River Wear. The town is centrally located between Newcastle upon Tyne and Durham and benefits from excellent road communications, being located a short distance from the A1(M). Rail communications are also very good with the town having a station on the East Coast Main Line, with a journey time of approximately 3 hrs to London Kings Cross.

The property occupies a prominent position on the corner of Red Rose Terrace at the junction with Ropery Lane and Front Street. This is a highly visible and busy location in a mixed commercial and residential area with Chester le Street Hospital lying opposite and Chester le Street Cricket Club to the rear. The property is conveniently located for access to the town’s public transport services and a number of pay and display car parks as well as being a short walk from Riverside Park, Lumley Castle and the Emirates Durham International Cricket Ground.

 

The property comprises an attractive two storey, traditional brick constructed building beneath a slate covered roof. The building was most recently used as a Working Mens Club and provides accommodation at ground and first floor with an additional cellar and external storage area at the rear.

Access is via Ropery Lane and the premises benefit from an external seating area to the front and roof terrace as well as having mains electricity and water.

Internally the property provides a central bar at ground floor with three large open plan areas and WC facilities. First floor is accessed via a staircase within the entrance lobby and provides a large open plan area with bar, stage, WC facilities and managers office.

The existing configuration would suit a restaurant or bar operator, but the property may be suitable for a variety of other uses (subject to planning).

  • 2-Storey
  • Mains Electricity
  • Roof Terrace
  • External Seating Area
  • External Storage
  • Cellar
  • Ground Floor Accommodation
  • Slated Roof
  • Traditional Brick
  • Water Mains

Tenure

The premises are available on a new full repairing and insuring lease for a term of years to be agreed.

Price

The asking rent for the property is £35,000 per annum, exclusive of VAT, business rates and all other outgoings.

Rates

Rateable Value (2010 List) - £6,400

The ingoing tenant may be entitled to Small Business Rates Relief. We advise interested parties to contact the Local Rating Authority for verification of this entitlement.

Incentives

A rent free period will be available to suitable tenants to assist with fit-out.

Legal Costs

Each party is to be responsible for their own legal costs incurred in the transaction.

VAT

All prices quoted are excluding, but may be liable to VAT.

Accommodation (approx sq ft)

The premises have been measured in accordance with the RICS Code of Measuring practice (6th Edition) and the approximate Gross Internal Area is as follows:

Ground - 2,527 sq ft
External Bottle Store - 172 sq ft
First Floor - 1,777 sq ft
Cellar - 592 sq ft

Total Area - 5,068

Energy Performance

Awaiting Confirmation of EPC Rating.

Important Notice

Dunlop Heywood gives notice to anyone who may read these particulars as follows:

1.These particulars are prepared for the guidance only of prospective purchasers. They are intended to give a fair overall description of the property but are not intended to constitute part of an offer or contract. 2. Any information contained herein (whether in the text, plans or photographs) is given in good faith but should not be relied upon as being a statement or representation of fact. 3. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise nor that any services or facilities are in good working order. 4. The photographs appearing in this brochure show only certain parts and aspects of the property at the time when the photographs were taken. Certain aspects may have changed since the photographs were taken and it should not be assumed that the property remains precisely as displayed in the photographs. Furthermore no assumptions should be made in respect of parts of the property which are not shown in the photographs. 5. Any areas, measurements or distances referred to herein are approximate only. 6. Where there is reference in these particulars to the fact that alterations have been carried out or that a particular use is made of any part of the property this is not intended to be a statement that any necessary planning, building regulations or other consents have been obtained and these matters must be verified by any intending purchaser. 7. Descriptions of a property are inevitably subjective and the descriptions contained herein are used in good faith as an opinion and not by way of statement of fact.