Retail premises to let in North Road, Durham DH1

Location

The subject property is situated on North Road, which is a commercial linear retailing street, running from the prime shopping area of Silver Street to the bus station situated at the north west end of North Road, within Durham City Centre. Durham bus station is located directly opposite the property and neighbouring occupiers include Tesco, The British Heart Foundation and William Hill. Durham train station is also a 5-minute walk from the property.

Description

The subject property comprises of a brick built two storey building. The ground floor provides extensive glazed frontage with sales area, kitchen and w/c facility to the rear.

Accommodation

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

Retail Area 54.31 m² 585 ft²
Kitchen/Storeroom 20.92 m² 225 ft²
W/C 3.98 m² 43 ft²
Total 79.21 m² 853 ft²

EPC rating

D92

Rating assessment

The rateable value of the premises as at 1 April 2023 is £17,250 and the estimated rates payable for the current year is £8,607.75. 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 £27,000 (Twenty-Seven Thousand 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.