North Road, Durham

Location
Durham City has evolved from its origins as an ancient Cathedral City into a key administrative, commercial and educational centre within County Durham. The city is internationally recognised for its historic significance, centred around the Norman Cathedral and Castle, which together form part of the UNESCO World Heritage Site. This rich heritage, combined with a vibrant retail and leisure offering, attracts in excess of 750,000 visitors annually.

Durham also benefits from a strong local economy supported by public sector employment and a substantial student population, helping to sustain consistent levels of footfall throughout the year.

The subject property is situated on North Road, a well-established commercial retailing street linking the prime pitch of Silver Street with the bus station at its north-western end. The property occupies a prominent position along this busy thoroughfare, benefiting from strong pedestrian passing trade and excellent visibility.

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).

Rating Assessment

The rateable value of the premises as at 1 April 2023 is £21,750 and the estimated rates payable for the current year is £8308.50. This is based on the standard Small Business Rate of 38.2p in the pound, however, interested parties should confirm the current position with the Local Authority.

EPC
The property has an EPC Rating of C (60)

Legal Costs
Each party is responisble for thei own legal costs.

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.