Unit 3 St Cuthbert's Walk Shopping Centre, Chester Le Street

LOCATION 

St Cuthbert’s Walk Shopping Centre is situated on Front Street the principal re-tail street in the market town of Chester-le-Street. Road communications to Chester-le-Street are excellent with access via the A167 to Durham and the South and the A692 to Stanley in the West.

Chester-le-Street also lies off junction 63 of the A1(M) providing excellent access to Newcastle, Gateshead, Darlington, Durham and all major road networks. Chester-le-Street also boasts a mainline railway station on the East coast main-line.

DESCRIPTION 

St Cuthbert’s Walk Shopping Centre is the principle covered shopping centre in the heart of Chester-le-Street town centre extending to approximately 60,000sq ft and adjoining a 370-space car park anchored by the Morrison’s Supermarket with further lettings to Morrisons, Boots the Chemist Ltd, Greggs and a variety of other local occupiers. The property also has the benefit of dedicated car parking.

ACCOMMODATION 

We calculate the approximate net internal floor areas to be as follows:

Retail unit- 127.27m² 1,370ft²

EPC RATING 

B48

RATING ASSESSMENT 

Description  RV Estimated Rates Payable

Shop & Premises £12,000 £5,988

We are advised that the rateable value of the premises as at 1 April 2023 is £12,000 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 49.9p in the pound. However, interested parties should confirm the current position with the Local Authority.

TERMS

Units are available by way of a new effective full repairing and insuring lease for a term of years to be agreed. The tenants are to be responsible for internal repairs together with all repairs to doors and windows and with the landlord responsible for all external repairs having a right to recover a proportion of these costs together with the cost of maintenance and repair of the common areas, management and security by way of a service charge. The landlord will insure the property and recover a proportion of the annual insurance premium from each tenant.

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.

LEGAL COSTS 

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

ANTI MONEY LAUNDERING

In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.

CONTACT US

Contact: Joseph I’Anson or Benjamin Riddle

Tel: 01642 265 300

Email:  teesside@bradleyhall.co.uk