Property description
LOCATION
The City of Durham lies approximately 18 miles to the south of Newcastle Upon Tyne, 15 miles west of Sunderland, 20 miles to the north west of Teesside with Darlington approximately 20 miles to the south.
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 mainline railway station lies approximately ¼ of a mile from the subject property at the top of North Road allowing easy access north and south by the main East Coast intercity railway network.
SITUATION
The subject property occupies a prominent position within Old Elvet, an area that is especially popular with office users. The property is easily accessible from the prime shopping areas of Saddler Street and Silver Street.
DESCRIPTION
The property is of cavity brick construction with timber framed single glazed windows all under a pitched slate tile roof.
Internally the property briefly comprises 31 m2 (333 f2) of ground floor office space together with kitchen and wc facilities to the rear.
TERMS
The property is available by way of lease assignment. The lease is a full repairing and insuring lease set to expire in June 2018 and the rent payable is £13,900 per annum.
RATING ASSESSMENT
Description
RV
Shop & Premises
£11,750
We are advised that the rateable value of the premises as at 1 April 2010 is £11,750. However, interested parties should confirm the current position with the Local Authority. As a new occupier rights of appeal may exist against this assessment.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
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.
VIEWING
For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.
Property Features :
- Accommodation extending to 31 sq m (333 sq ft)
- To let by way of assignment
- Occupies a prominent position with good footfall
- A2 use