The property is of brick construction arranged over ground floor, lower ground floor, first and second floor and basement. The rear of the property faces onto Back Silver Street which provides rear access and attractive views over the River Wear.
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 Caffe Nero, Tesco, Lloyds Bank, The Works, The Body Shop, Vodafone, Stormfront and Holland & Barrett.
Accommodation
Approximate floor areas as follows:
Ground floor sales - 117.71 sq m (1,267 sq ft)
First floor ancillary – 85.01 sq m (916 sq ft)
Second floor ancillary – 48.86 sq m (526 sq ft)
Lower ground floor storage – 102.94 sq m (1,108 sq ft)
Basement – 21.74 sq m (234 sq ft)
Total - 376.35 sq m (4,051 sq ft)
Terms
TERMS - The property is available by way of a new FRI lease for a term of years to be agreed at a rent of £80,000 per annum exclusive.
RATING ASSESSMENT - We understand that the premises have a rateable value of £76,000 effective from 1st April 2017. It is however, recommended that any interested party confirm the accuracy of this information and the rates payable with the Local Authority.
ENERGY PERFORMANCE - The property currently has an EPC rating of 87 within Band D.
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.
Specification
- Approximately 376.35 sq m (4,051 sq ft) Arranged Over Five Floors
- Ground Floor Sales of Approximately 117.70 sq m (1,267 sq ft)
- Located within the Prime Retail Pitch at the Heart of the City Centre
- Surrounding Occupiers Include; Tesco, Lloyds Bank, The Works, The Body Shop, Stormfront, Vodafone & Caffe Nero
- Primary Retail Catchment c. 120,000 people Boosted Significantly by an Estimated 5.5 Million Tourists per year
- Durham University Student Numbers set to Rise from 18,000 to c. 22,000 by 2025
- Would Suit a Variety of Uses (Subject to Planning)
- Rent £80,000 pax