Location
The property is located on Sherburn Terrace which is one of the principle streets running through Consett and leading into the town centre.
Consett is a former steelworks town located 11 miles North West of Durham City and 12 miles South West of Newcastle. The property forms part of a residential street with the benefit of ample pull in parking and a car park opposite. The nursery is just a short walk from the town centre and main bus station and Consett has benefitted from significant recent investment with new out of town shopping complexes supported by an improved infrastructure.
Business Opportunity
This property was acquired by our client and then refurbished. This included a full re-wire, new plumbing and new windows throughout, prior to opening as a children’s nursery in 2014. The premises are in good order with large interconnecting rooms and a pleasant flow.
This nursery catered for ages from 3 months to 4 years and was compliant and registered to offer a total of 60 places. The space provided a secure environment with high levels of security in operation including an intercom system for entry and CCTV throughout the premises.
There would be little for any new owner to attend to with regards to the property and it could be converted or reconfigured for a variety of different uses.
Property
Comprises a double fronted three storey property.
Ground Floor total of circa 216 sq.m. (2,324 sq.ft.)
Lobby
Playroom 1 34 sq.m. (364 sq.ft.)
Playroom 2 17 sq.m. (186 sq.ft.)
Playroom 3 16 sq.m. (175 sq.ft.)
Laundry / Utility 8 sq.m. (85 sq.ft.)
Toilets
First Floor
Kitchen 11 sq.m. (118 sq.ft.)
Playroom 67 sq.m. (718 sq.ft.)
Toilets
Second Floor
Office 21 sq.m. (224 sq.ft.)
Playroom 23 sq.m. (252 sq.ft.)
Former Trading Hours
Monday to Friday 8.00 a.m. – 6.00 p.m.
Rates
The premises are assessed as follows:
Rateable Value £14,000
Rates incentives available subject to status.
Leasehold Option
A new FRI lease is available at an asking rent of £24,000 per annum.
Freehold Option
Offers in the region of £350,000 invited.
EPC
Rating - C.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.