Retail premises to let in North Terrace, Seaham SR7

Location

The property is in an extremely sought after and prime location, on the picturesque East Durham coastline surrounded by an excellent mix of retail, leisure and residential
properties such as the renowned Lamp Room, Dempsey's bar, Port of Call, Humbles Bistro and coffee shop, traditional fish and chip via Gills Fry Fry restaurant, Ashoka
Indian Restaurant, and Leaf Bark & Berry cafe to name a few. Seaham is approximately 5 miles from Sunderland, 15 miles from Durham and 19 miles from Newcastle. The
property is situated nearby the newly renovated Seaham Harbour Marina where you will find the East Durham Heritage and Lifeboat Centre being home to the George Elmy lifeboat, a water sport centre, The Lookout Cafe, The Pancake Kitchen, Bulan Burger and a secluded sandy beach. The marina offers facilities for 77 boats, slipway and accommodation for overnight visiting boats. There are plenty of free parking spaces outside the premises, opposite the Terrace Green, and additional parking located at the marina. Seaham is a lively harbour town on Durham's Heritage Coast.

Description

The subject property compromises of an open plan first floor retail/office unit with a kitchenette and two WC’s.

Accommodation

First Floor Retail/office – 88.6 sq. M (954 sq. Ft).

Rating assessment

The rateable value of the premises as at 1 April 2023 is £3,850 and the estimated rates payable for the current year is £1,886.5. 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.

EPC rating

We currently await EPC.

Terms

The premises are available to let by way of a new full repairing and insuring lease for a term of years to be agreed, subject to contract.

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are made to Bradley Hall upon this basis, and where silent, offers will bedeemed net of VAT.

Legal costs

Each party is responsible for their own legal costs.

Anti-money laundering regulations

In accordance with Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.