16 / 20 Front Street Chester le Street County Durham DH3 3DE

16 / 20 Front Street
Chester le Street
County Durham
DH3 3DE

Freehold Shop Investment

Let to Mackays Stores Limited (t/a M&Co) on a new 10 year lease (1)
Prominent town centre location
VAT-free Investment
Close to St Cuthberts Walk Shopping Centre
M&Co in occupation since 1982

Lot
78
Auction
11th July 2018
Rent
£50,000 per Annum Exclusive
Status
Sold
Price
£435,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the Instructions of M&Co

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Freehold Shop Investment

Let to Mackays Stores Limited (t/a M&Co) on a new 10 year lease (1)
Prominent town centre location
VAT-free Investment
Close to St Cuthberts Walk Shopping Centre
M&Co in occupation since 1982

Lot 78
Auction 11th July 2018
Rent £50,000 per Annum Exclusive
Status Sold
Price £435,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On the Instructions of M&Co

Property Information

Location

Miles: 8 miles north of Durham, 10 miles south of Newcastle
Roads: Al(M), A167, A692
Rail: Chester-le-Street Railway Station
Air: Newcastle Airport

Situation

The market town of Chester-le-Street is situated 8 miles north of Durham and 10 miles south of Newcastle. The town benefits from good road communications, being located close to the A1(M) motorway. The property is located in the town centre on Front Street, close to its junction with Cone Terrace. There are a number of public car parks close by. Occupiers nearby include Coral, Nationwide Building Society, Newcastle Building Society, Superdrug, Greggs, Costa and Boots.

Tenure

Freehold.

Location

Miles: 8 miles north of Durham, 10 miles south of Newcastle
Roads: Al(M), A167, A692
Rail: Chester-le-Street Railway Station
Air: Newcastle Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with staff and storage accommodation. The first floor is void and not currently used.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.