Retail premises to let in Saddler Street, Durham DH1

Location

The property is situated on Saddler Street close to the inter section with Elvet Bridge. The Saddler Street links the world heritage site of the Castle and Cathedral complex to the prime shopping area of the marketplace, Silver Street and The Prince Bishops Shopping Centre. The nearby Elvet Bridge leads down over the River Wear to the Elvet area of Durham and the University. Nearby occupiers include Zizzi’s, Fat Hippo, and Pizza Express.

Description

The subject property comprises of four storey commercial property. The ground and first floor comprise of retail areas, with the second and third currently used as storage.

Accommodation

We calculate the approximate net/gross internal floor areas to be as follows:

Ground Floor 14.33 m² 154 ft²
First Floor 24.12 m² 260 ft²
Second Floor 33.57 m² 361 ft²
Third Floor 13.30 m² 143 ft²
Total 85.32 m² 918 ft²

EPC rating

C68

Rating assessment

The rateable value of the premises as at 1 April 2023 is £7,200 and the estimated rates payable for the current year is £3,592.80. 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.

Terms

The property is available by way of a new lease with terms to be agreed at £27,500 (Twenty-Seven Thousand Five Hundred Pounds) per annum.

VAT

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

Legal costs

Each party is to bear their own legal costs involved in the transaction.

Anti-money laundering regulations

In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.