61 North Road, Durham, DH1 4SQ

LOCATION

The subject property is situated on North Road which a busy pedestrianised shopping area with neighbouring occupiers including Salvation Army, William Hill and Warhammer.

The property is close to Framwelgate Bridge leading to Silver St, Market Place and Saddler Street with an array of bars and restaurants.

The property is situated on North Road, which is a commercial linear retailing street, running from the prime shopping area of Silver Street to the future bus station which is under construction situated at the north west end of North Road.

There is a substantial presence of student accommodation in the immediate vicinity of North Road which represents a substantial proportion of the footfall.

DESCRIPTION

The subject property provides ground floor retail accommodation with glazed frontage and recessed door with sales area, kitchen and w/c facility. The building also benefits from a rear service goods lift.

ACCOMMODATION

Ground Floor Sales 86.03 m² (926 sq ft)

RATING ASSESSMENT

Description RV Estimated Rates Payable

Shop and Premises £19,000 £9,481

We are advised that the rateable value of the premises as at 1 April 2017 is £19,000 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 49.9p in the pound. However, interested parties should confirm the current position with the Local Authority.

EPC RATING

TBC

TERMS

Available to let on a new effective full repairing and insuring lease for a term of years to be agreed at an asking rent of £22,000 per annum.

VAT

VAT is not applicable on the rent or service charge.

LEGAL COSTS

Each party is to bear their own legal costs involved in the transaction.

VIEWING

For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors on 0191 383 9999.

Joseph.ianson@bradleyhall.co.uk

Marc.pickering@bradleyhall.co.uk