Retail premises to let in 25 Silver Street, Durham DH1

Location

The historic city of Durham is the economic and cultural centre of County Durham sitting approximately 18 miles south of Newcastle and 14 miles south west of Sunderland.

Durham benefits from excellent road communications being located in close proximity to the A690 and the A1M, connecting the city to the national motorway network. The city is on the main East Coast rail line from London to Edinburgh.

Durham has a resident population of 50,400 people and a catchment of approximately 120,000 which is boosted substantially by tourists and students. The city's cathedral and castle are designated by unesco as a World Heritage Site and help to attract an estimated 5.5 million tourists per year.

The property is situated on the pedestrianised section of Silver Street, within close proximity of the River Wear and the Framwellgate Bridge.

Both the Riverwalk and Prince Bishops shopping centres are within close proximity of the subject property and provide valuable parking to the City with Silver Street being the pedestrian thoroughfare between the two.

Surrounding retailers include Tesco Express, Holland & Barratt, Caffe Nero, Tortilla, T4, Grape Tree & Lloyds Bank.

Description

The property is of brick construction with an attractive glazed window frontage and is arranged to provide an open plan sales area to ground floor and ancillary storage, staff break out space and WC's to the lower ground floor.

Accommodation

The available accommodation briefly comprises:

Ground Floor - 64.00 sq m (689 sq ft)
Lower Ground Floor - 47.70 sq m (513 sq ft)

Total - 111.70 sq m (1,202 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 £30,000 per annum exclusive.

Energy performance

The property currently has an EPC rating of 115 within Band E.

Business rates

Rateable Value: £15,250
Estimated Rates Payable: £7,609.75

Our estimate is calculated by applying the appropriate Business Rate Multiplier to the rv. It is, however, important that interested parties confirm the accuracy of this information and the actual rates payable with the Local Authority.

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

Legal costs

Each party to be responsible for their own costs incurred in this transaction.

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 viewings please contact Sole Agents Graham S Hall Chartered Surveyors.