16-22 Front St
Consett DH8 5AQ
Property To Rent

LOCATION Consett is a market town situated 14 miles south-west of Newcastle upon Tyne and 13 miles north-west of Durham City at the junction of the A691/A692, both of which provide the link to the A1(M). Consett is home to over 37,000 people, growing to 68,000 people within a 30-minute drivetime. SITUATION The subject property occupies a prominent position on Front Street which benefits from high volumes of passing traffic and footfall. Nearby occupiers include JD Wetherspoon, Subway, Lloyds Bank, Barclays & My Dentist. DESCRIPTION The block has just undergone a six-figure refurbishment, following the vacation of M&CO, which closed the store last year as part of a major restructuring programme. The existing unit of c. 7,000 sq ft was sub-divided to create 4no. separate retail units, including provision for new utility supplies, fire alarms, fire rated ceilings, LED lighting, DDA compliance, WCs and kitchen facilities. The works also included the refurbishment of the existing facade and installation of two new shop fronts. 16 Front Street - 248 sq m (2,669 sq ft) 18 Front Street - 86 sq m (926 sq ft) 20 Front Street - 104 sq m (1,119 sq ft) 22 Front Street - 184 sq m (1,981 sq ft) TERMS The units are available by way of new EFRI leases for a term of years to be agreed, at the following rents: 16 Front Street - £20,000 pax 18 Front Street - £12,500 pax 20 Front Street - £13,500 pax 22 Front Street - £18,000 pax RATING ASSESSMENT To be assessed on completion of redevelopment. ENERGY PERFORMANCE 16 Front Street - E (101) 18 Front Street - C (71) 20 Front Street - D (80) 22 Front Street - C (72) LEGAL COSTS Each party to be responsible for their own costs incurred in this transaction. VAT All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Graham S Hall upon this basis and where silent, offers will be deemed net of VAT. VIEWING For general enquiries and viewing arrangements please contact Sole Agents Graham S Hall Chartered Surveyors. ANTI-MONEY LAUNDERING REGULATIONS In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the purchaser / tenant.