29 Silver Street, Durham, DH1
Annual Rental Of £80,000

SITUATION
The historic city of Durham is the economic and cultural centre of County Durham sitting approximately 18 miles south of Newcastle and 14 miles south west of Sunderland.

Durham benefits from excellent road communications being located in close proximity to the A690 and the A1M, connecting the city to the national motorway network. The city is on the main East Coast rail line from London to Edinburgh.

Durham has a resident population of 50,400 people and a catchment of approximately 120,000 which is boosted substantially by tourists and students. The city's cathedral and castle are designated by UNESCO as a World Heritage Site and help to attract an estimated 5.5 million tourists per year. 

The property is situated on the pedestrianised section of
Silver Street, within close proximity of the River Wear and the Framwellgate Bridge.

Both the Riverwalk and Prince Bishops shopping centres are within close proximity of the subject property and provide valuable parking to the City with Silver Street being the pedestrian thoroughfare between the two.

Surrounding retailers include Caffe Nero, Tesco, Lloyds Bank, The Works, The Body Shop, Vodafone, Stormfront and Holland & Barrett. 

DESCRIPTION
The property is of brick construction arranged over ground floor, lower ground floor, first and second floor and basement. The rear of the property faces onto Back Silver Street which provides rear access and attractive views over the River Wear.

ACCOMMODATION
Approximate floor areas as follows:

Ground floor sales - 117.71 sq m (1,267 sq ft)
First floor ancillary - 85.01 sq m (916 sq ft)
Second floor ancillary - 48.86 sq m (526 sq ft)
Lower ground floor storage - 102.94 sq m (1,108 sq ft)     
Basement - 21.74 sq m (234 sq ft)

Total - 376.35 sq m ( 4,051 sq ft)     

TERMS
The property is available by way of a new FRI lease for a term of years to be agreed at a rent of £80,000 per annum exclusive. 

RATING ASSESSMENT
We understand that the premises have a rateable value of £76,000 effective from 1st April 2017. It is however, recommended that any interested party confirm the accuracy of this information and the rates payable with the Local Authority.

ENERGY PERFORMANCE
The property currently has an EPC rating of 87 within Band D.

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.

LEGAL COSTS
Each party to be responsible for their own costs incurred in this transaction.

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 viewings please contact Sole Agents Graham S Hall Chartered Surveyors.