The property comprises a two storey building of brick construction with a pitched slate roof. Internally the property provides ground floor office/retail accommodation along with two office suites on the first floor and a small kitchenette with shared WC facilities to the rear.
Location
The property is located in the historic city of Durham approximately 19 miles south of Newcastle upon Tyne and 13 miles south west of Sunderland.
The city boasts one of the few world heritage sites in Britain being the Cathedral and Castle complex in the heart of the city centre which is the nearest major tourist attraction.
The property is situated on Old Elvet close to the junction with Court Lane and is only a short walk from the city's main shopping areas, Silver Street and Saddler Street. There is on-street parking immediately to the front of the property.
The mainline railway station lies approximately one mile from the subject property allowing easy access North and South by the main East Coast intercity railway network.
Accommodation
Ground Floor – 46.87 sq m (505 sq ft)
First Floor – 35.40 sq m (381 sq ft)
WC Facilities
Attic Storage – 17.93 sq m (193 sq ft)
Total - 100.24 sq m (1,079 sq ft)
Terms
We are instructed to seek offers in excess of £XXX for the benefit of our clients Freehold interest in the property
RATING ASSESSMENT - Currently the property is assessed on a floor by floor basis
Ground Floor RV - £XXX
First Floor RV - £XXX
Under current government legislation, Small Business Rate Relief may result in no rates being payable (subject to eligibility). It is however, recommended that any interested party confirm the rates payable with the Local Authority.
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.
Specification
- Rare Freehold Opportunity in Sought After City Centre Location
- Redevelopment Potential
- Great SIPP Investment Opportunity
- On Street Car Parking At Front Door with Discounted Business Owner Permit Available Through Local Authority
- Would Suit a Variety of Occupiers Including; Solicitors, Accountants, Surveyors, Financial Advisors & Health Professionals