About this property
Consett is a popular market town located approximately 12 miles south-west of Newcastle upon Tyne and 11 miles north-west of Durham.
The property is situated within Ponds Court Business Park adjacent to a Tesco Extra and Starbucks Drive-Thru. Other occupiers nearby include Derwentside College, Morrisons, Sports Direct, KFC, Costa and McDonalds.
The town has seen a significant amount of development over recent years with new housing and commercial developments. Outline planning consent has been granted for the construction of a new hospital on land opposite the subject property.
The property fronts on to the busy A692, Consett Road and comprises a modern single-storey building of steel frame with brick elevations and powder coated aluminum framed double glazed windows.
Internally, the property benefits from a vaulted ceiling and currently comprises an open plan reception and dining area with open kitchen, staff facilities, cellar, office and stores.
The property also benefits from an attractive outside seating area which is screened by trees and parking for around 30 vehicles.
The property has a gross internal area of 396.25 sq m (4,265 sq ft) or thereabouts. (Source: VOA Assessment).
The property is available to let by way of a new full repairing and insuring lease for a term of years to be agreed. There is a small estates service charge to cover maintenance of shared landscaped areas. The benefit of the roof mounted solar panels is also available by separate arrangement.
The property is entered into the Rating List as follows:
Description: Restaurant & Premises
Rateable Value: £52,500
Interested parties should verify the amount of Business Rates payable with the Local Authority.
The property is registered for VAT and therefore VAT will be payable on the rent
£47,000 per annum, payable quarterly in advance. .
Whilst the property was purpose built as a restaurant, it may be possible to convert the property for other uses such as a children’s nursery subject to all necessary consents including planning consent being obtained.
ENERGY PERFORMANCE CERTIFICATE
The property has an EPC Rating of C-67.
A copy of the EPC and recommendation report is available upon request.
Durham County Council, County Hall, Durham. Tel: 3000 260000
CODE OF PRACTICE FOR COMMERCIAL LEASES
The Code of Practice for Commercial Leases in England and Wales recommends parties intending to enter into leases should seek advice from professionals or lawyers at an early stage. The Code is available through professional institutions and trade associations or through the website www.commercialleasecodeew.co.uk
Strictly by appointment with sole agents, YoungsRPS.
All figures quoted above are exclusive of VAT where chargeable.