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17 Old Elvet, Durham
Offers Over £280,000

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Approximately 100.24 sq m (1,079 sq ft) Over Three Floors
Ground Floor Office / Retail Space of Approximately 46.87 sq m (505 sq ft)
Rare Freehold Opportunity in Sought After City Centre Location
Redevelopment Potential
Great SIPP Investment Opportunity
On Street Car Parking At Front Door with Discounted Business Owner Permit Available Through Local Authority
Would Suit a Variety of Occupiers Including; Solicitors, Accountants, Surveyors, Financial Advisors & Health Professionals
Freehold Offers Over £280,000

SITUATION
The property is located in the historic city of Durham approximately 19 miles south of Newcastle upon Tyne and 13 miles south west of Sunderland.

The city boasts one of the few world heritage sites in Britain being the Cathedral and Castle complex in the heart of the city centre which is the nearest major tourist attraction.

The property is situated on Old Elvet close to the junction with Court Lane and is only a short walk from the city's main shopping areas, Silver Street and Saddler Street. There is on-street parking immediately to the front of the property.

The mainline railway station lies approximately one mile from the subject property allowing easy access North and South by the main East Coast intercity railway network.

DESCRIPTION
The property comprises a two storey building of brick construction with a pitched slate roof. Internally the property provides ground floor office/retail accommodation along with two office suites on the first floor and a small kitchenette with shared WC facilities to the rear.

ACCOMMODATION
Ground Floor - 46.87 sq m (505 sq ft)

First Floor - 35.40 sq m (381 sq ft)
WC Facilities

Attic Storage - 17.93 sq m (193 sq ft)

Total - 100.24 sq m (1,079 sq ft)

TERMS
We are instructed to seek offers in excess of £280,000 for the benefit of our clients Freehold interest in the property.

RATING ASSESSMENT
Currently the property is assessed on a floor by floor basis

Ground Floor RV - £4,150
First Floor RV - £3,400

Under current government legislation, Small Business Rate Relief may result in no rates being payable (subject to eligibility). It is however, recommended that any interested party confirm the rates payable with the Local Authority.

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.

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.

VIEWING
For general enquiries and viewing arrangements please contact sole agents Graham S Hall Chartered Surveyors.