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£800,000
LOCATION
Durham is a historic city which lies approximately 18 miles to the south of Newcastle Upon Tyne and 13 miles west of Sunderland. The city boasts the world heritage sites Cathedral and Castle complex in the heart of the city centre.
The subject property occupies a prime trading location on Silver Street, central Durham, attracting high footfall to the premises. Silver Street links Durham’s Market Place with the popular North Road which is home to an abundance of retailers including The Works, William Hill, Santander, Boots and NatWest.
The property is easily accessible with Durham Train Station being located less than half a mile away, and multiple bus stops within a short walking distance.
DESCRIPTION
The property benefits from large windows creating a triple storefront retail unit on the east side of Silver Street. The shop is arranged over a ground floor to provide a large, open plan sales area. There is also a first floor storage area above the retail element.
The upper floors comprise numerous rooms of vacant space that are suitable for alternative uses including residential subject to obtaining the relevant planning permission.
ACCOMMODATION
We calculate the approximate internal floor areas to be as follows:
Ground Floor 66m2 710ft2
First Floor 105m2 1,130ft2
Second Floor 62m2 667ft2
Third Floor 37m2 398ft2
Total 270m² 2,906ft²
EPC RATING
EPC Rating D90.
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.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income
All figures are based on a standard repayment mortgage calculated from the information shown here.
I'm a first time buyer
Property is a buy-to-let or second home
Buyer is a non-UK resident
These figures are estimates and are provided for guidance only. This calculation is only a guide.
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