Available

10, Victoria Road, Consett, County Durham, DH8 5BW
£300,000

ID:

3013987

600 Sq Ft
For Sale

Details

The property is a modern purpose built two storey retail unit in a prominent location ideally situated between the bus station, The Victoria Centre, large shopper car park and on the main route to the pedestrianised shopping pitch - Middle Street. Retailers close by include Lidl, Iceland, Argos, Home Bargains and BetFred. EPC: C65 LOCATION Consett is a busy town in North West County Durham, sitting on the edge of the Pennines. Its origins arise from both lead mining in the area and the development of the steel industry in the Derwent Valley. Consett lies 14.7 miles (23.7km) south west of Newcastle upon Tyne, 13.2 miles (21.1km) north west of Durham and 32 miles (51.1km) north of Darlington. It has a resident population of 24,820 persons (2011 Census) and a district catchment of over 85,000. The A1(M) is 13 miles (20.9km) from Consett and the town is served by the A692 which lies less than 0.5 miles (0.8km) from the town centre. SERVICES We understand that mains supplies are available and connected to the property. These have not been tested and interested parties are advised to make their own investigations to the relevant utility service providers. TOWN & COUNTRY PLANNING We understand that the property has planning consent for its existing use under the Town & Country Planning (Use Classes) Order 1987 (as amended). Interested parties are advised to make their own investigations to the Local Planning Authority. TENANCY The property is let to Anglo Global Properties One Limited - T/a Peacocks by way of a 5 year lease from 12th April 2021 with a tenant break option exercisable on the 3rd anniversary on Internal Repairing and Insuring terms subject to a Schedule of Condition. The rent passing is £45,000 per annum. Peacocks have exercised their break option. TENANT COVENANT Anglo Global Properties Ltd. Company No. 13324423. Changed name in June 2021 to Peacocks Stores Properties Limited. Incorporated in April 2021. Peacocks were bought out of Administration by Edinburgh Woollen Mill's Chief Operating Officer, Steve Simpson, with backing from an International Consortium in April 2021. VAT The property is elected for VAT and it is envisaged that the transaction will be treated as a TOGC. LEGAL COSTS Each party is to be responsible for their own legal costs incurred in documenting the transaction.

Location

Enquire about this Property

Please contact us for more details and information about this property

Similar to this property

Unit 3 Chollerton Drive, North Tyne Industrial Estate, Whitley Road, Benton, Newcastle Upon Tyne, NE12 9SZ 060b797a 0fbd 4c5e a6c8 6aa85dda453c_web

Investment

Unit 3 Chollerton Drive, North Tyne Industrial Estate, Whitley Road, Benton, Newcastle Upon Tyne, NE12 9SZ
15,951 Sq Ft
£1,000,000 offers in excess of
View Listing
Units 1A-D, Trimdon Grange Industrial Estate, Trimdon Grange, Durham, Co Durham, TS29 6EW e34df999 b5d0 458f 8ccf 4abc19037f27_web

Industrial

Units 1A-D, Trimdon Grange Industrial Estate, Trimdon Grange, Durham, Co Durham, TS29 6EW
11,850 Sq Ft
£475,000 offers in the region of
View Listing

This site uses cookies to monitor site performance and provide a more responsive and personalised experience. You must agree to our use of certain cookies. For more information on how we use and manage cookies, please read our Privacy Policy.