Retail premises to let in Unit 4, 1-7 North Road, Durham DH1

Situation

Durham City Centre is an easily accessible and very popular destination that is well connected to all the surrounding nearby towns. With the A1, a major north south trunk road and good link roads, Newcastle, Darlington and Sunderland all lie within a 30-minute drive time.

There is also excellent rail, coach and bus services into Durham from the surrounding major conurbations and the city enjoys a healthy number of visitors and tourists from all over the country.

The property occupies a prime position on North Road, next door to Greggs and close to Sainsburys Local, Iceland, Starbucks, Specsavers and Halifax.

The new Odeon Luxe Cinema has recently opened in the former Gates Shopping Centre which has been rebranded as The Riverwalk and houses a number of retail, restaurant and leisure operators including Turtle Bay, Cosy Club, Estabulo and Pizza Punks. In addition, the development provides over 250 student bedrooms and covered parking for close to 500 vehicles.

Description

The premises comprise a self-contained ground floor retail unit within a two-storey brick-built terrace. The property benefits from double glazed frontage onto North Road and a service corridor to the rear.

Accommodation

Ground Floor - 82.70 sqm (890 sq ft)

Terms

The property is available by way of a new efri lease for a term of years to be agreed at a rent of £33,000 pax.

Energy performance

Awaiting EPC.

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.

Rating assessment

We understand that the premises have a rateable value of £29,500 effective from 01st April 2023 however, it is recommended that any interested party confirm the accuracy of this information and the rates payable with the Local Authority. As a new occupier, rights of appeal may exist against the assessment.

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.

Viewing

For general enquiries and viewing arrangements please contact Graham S Hall Chartered Surveyors.