Two leasehold interests:
(a) A lease dated 29 October 2003 for 125 years from 29 October 2003 at a yearly ground rent of £1,500 pa
(b) A lease dated 23 April 2012 for 125 years (less 10 days) from 29 October 2003 at the yearly ground rent of £1 pa.
Consett is a town in north-west County Durham, about 14 miles south-west of Newcastle upon Tyne. The property is located north of the town centre on the west side of Medomsley Road, between Green Street and Bath Lane.
A parade of 6 two storey units forming a local parade. The property is of traditional construction under a pitched slate covered roof. 3 tenancies are ground rents, with 3 tenancies held on traditional commercial leases - see legal pack. Measurements obtained from www.VOA.Gov.uk confirm the floor areas of No.88A to be 22.61 sq m (243 sq ft), No.88 as 33.4 sq m (360 sq ft) and No.90 as 37.84 sq m (407 sq ft).
Durham County Council (0300 0262830) www.durham.gov.uk
Address | Accommodation | Tenancy | Rent per annum |
---|---|---|---|
TOTAL | £22,260 | ||
80 Medomsley Road | Shop and upper parts | Let to P A Corrigan for 125 years from 29/10/2003 | £500 |
82 Medomsley Road | Shop and upper parts | Let to P A Corrigan for 125 years from 29/10/2003 | £500 |
84-86 Medomsley Road | Shop and upper parts | Let to Nos 2 Limited for 125 years from 29/10/2003 | £1,500 |
88 Medomsley Road | Ground floor shop | Let to M Cambell T/A DH Vapes for 10 years from 18/03/2020 | £6,240 |
88a Medomsley Road | First floor shop | Let to D R Walsh T/A Hairdressers for 10 years from 20/04/2020 | £6,760 |
90 Medomsley Road | Ground floor shop | Let to D N Allan (*1) T/A Tricktraxx Record Store for 5 years from 18/08/2016 | £6,760 |
(*1) on assignment from S M Lightfoot
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