Property description

SITUATION

Durham City has grown from an ancient Cathedral City to become a major administrative, traditional and educational centre of Durham. The City of Durham lies at the heart of County Durham and with the magnificent Norman Cathedral and Castle, it is understandable that the area has recently been designated as a World Heritage Site.  This combination with other outstanding features has made Durham a major attraction welcoming over 750,000 visitors each year.

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 on the North West end of North Road. The subject property occupies a prominent position with good pedestrian passing footfall. 

DESCRIPTION

The property comprises a mid terrace three storey retail unit under a pitch and slate roof.  The property has undergone a substantial refurbishment and subsequently provides ground floor retail space with WC facilities and additional basement storage (available by separate negotiation).

ACCOMMODATION

The accommodation briefly comprises:

Net Frontage                                         7.1 m

Ground Floor Retail                             98 m² (1,055 f²)

Internal Depth                                       20 m

TERMS

The property is available by way of a new FRI lease for a term of years to be agreed. 

RATING ASSESSMENT

We understand that the rating assessments on the premises as at 1  April 2010 is  as follows, although we would advise that some of the assessments may have been the subject of appeals and any interested party should confirm the current position with the Local Authority.

Description                             RV

Shop & Premises                  £20,750

As a new occupier rights of appeal may exist against this assessment.

LEGAL COSTS

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

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.

ENERGY PERFORMANCE

The property has an energy performance rating of 103 within Band E.

VIEWING

For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.

Property Features :

• Prime City Centre Retail Unit To Let
• Recently Refurbished
• Ground Floor Retail Totaling 98 m2 (1,055 f2)
• Additional Ground Floor and Basement Storage Available by Separate Negotiation
• Surrounding occupiers include Tesco, Sainsburys, Subway & Weatherspoons