The premises comprise a self-contained ground floor retail unit within a two-storey brick and stone-built property. The property does benefit from a loading / access yard to the rear.
Location
Durham City Centre is an easily accessible and very popular destination that is well connected to all the surrounding nearby towns. With the A1, a major north south trunk road and good link roads, Newcastle, Darlington and Sunderland all lie within a 30 minute drive time.
There is also excellent rail, coach and bus services into Durham from the surrounding major conurbations and the City enjoys a healthy number of visitors and tourists from all over the country.
The property occupies a prominent position on North Road with surrounding occupiers including: Tesco Express, Sainsbury’s Local, Iceland, Subway, Greggs & JD Wetherspoon.
The new Odeon Luxe Cinema has recently opened in the former Gates Shopping Centre which has been rebranded as The Riverwalk and houses a number of retail, restaurant and leisure operators including Cosy Club. In addition, the development provides over 250 student bedrooms and covered parking for close to 500 vehicles.
Accommodation
Ground Floor Retail - 64.30 sq m (692 sq ft)
WC Facilities
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 £XXX pax.
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.
RATING ASSESSMENT - We understand that the premises have a rateable value of £XXX effective from 01st April 2017 however, it is recommended that any interested party confirm the accuracy of this information and the rates payable with the Local Authority. As a new occupier, rights of appeal may exist against the assessment.
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.
Specification
- Ground Floor Retail Unit Extending Approximately 64.30 sq m (692 sq ft)
- High Footfall Area Less than 0.25 Miles from Durham Main Line East Coast Railway Station & Regional Bus Terminus
- Surrounding Occupiers Include: Tesco Express, Sainsbury’s Local, Iceland, Subway, Greggs & JD Wetherspoon
- Only 50m from the New Riverwalk Mixed Use Retail, Leisure & Residential Development Incorporating New Odeon Luxe Cinema, Restaurants, Bars, Retail & Student Residential
- New EFRI Lease Available
- Rent £XXX pax