Property description

SITUATION

The property is situated with a prominent frontage onto Claypath which is within close proximity of the Millennium Hall, Walkergate Leisure Scheme and provides a busy thoroughfare to and from the main shopping streets within the city centre, comprising of the Market Place, Silver Street and Saddler Street, which also provides a link to the Castle and Cathedral complex which are both designated World Heritage sites.

Claypath has become an increasingly popular residential location for many of the City’s student population. Neighbouring commercial occupiers include; Kwik-Fit, Keith Pattinson Estate Agents, Ben Charles Estate Agents and Oldfield’s Restaurant.

DESCRIPTION

The property comprises a mid terrace retail unit of brick construction under a pitched tiled roof. Internally the property is arranged to provide, attractive and well maintained ground floor retail space benefitting from gas central heating, laminate wooden floor covering and a suspended ceiling with recessed lighting.

ACCOMMODATION

The accommodation briefly comprises;

Retail Sales                               82 m² (883 ft²)

Kitchen & WC Facilities

TERMS

The property is available by way of a new FRI lease at a rent of £15,000 per annum for a minimum term of 3 to 5 years. Subject to Contract.

RATING ASSESSMENT

We understand that the rating assessments on the premises as at 1 April 2010 is  as follows, although we would advise that some assessments may have been the subject of appeals and any interested party should confirm the current position with the Local Authority.

Description                  RV                    UBR

Shop & Premises         £13,250             47.1p

ENERGY PERFORMANCE

The property is currently being assessed and a copy of the certificate will made available to any prospective tenants at the earliest convenience.

LEGAL COSTS

Each party to be responsible for any legal costs involved in the lease preparation.

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.
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Property Features :

• An Attractive Ground Floor Retail Unit Located Within a Popular City Centre Location
• Within Close Proximity of the Millennium Hall, Walkergate Leisure Scheme and Durham Marketplace
• Ground Floor Sales 67 m2 (724 ft2)
• Currently A1Use but Would Suit a Variety of Uses Subject to Planning
• Rent £15,000 per annum exclusive