Rent: £52,500 - £52,500
Region: County Durham
Durham is located 14 miles south of Newcastle , 18 miles north of Darlington and 234 miles north of London. It is linked to the rest of the country by the A1 (M) and the main East Coast Intercity railway. Newcastle International Airport is 16 miles to the north. Durham City has a resident population of 87,725. Durham University provides world class education to 15,000 students by 4,000 staff. Many of the colleges are located within and close to the City Centre and there are plans to add another 4 colleges by 2025.
The Cathedral Green is a UNESCO World Heritage Site and is accessed from Saddler St. Some 750,000 visitors from around the world visit the Cathedral annually.
The property is located on Saddler St which is the principal gateway to the Cathedral and Castle from the Market Place and the City’s main car park within Prince Bishops Shopping Centre
opposite the premises. The property’s gateway position at the junction of Market Place Saddler St, Prince Bishops, and Elvet Bridge makes this the busiest retail pitch in the city centre. Smiggle, Pandora, Waterstones, Jack Wills, Zizzi, Pizza Express, La Tasca, Bills, Fat Hippo, Flat White Café and Greggs are all located on Saddler St close to these premises. Prince Bishops Shopping Centre is diagonally opposite and provides the principal car parking for city centre shoppers and workers alike.
The property is Grade II Listed and benefits from an attractive double fronted timber shop front with customer access at either side. The shop has a substantial 7.76m (25’ 05”) frontage to Saddler St with high display windows and ample signage area across the whole frontage. To a raised area at the rear of the sales area are staff, wc and stock rooms.
Briefly the premises provide the following areas and dimensions:
|Gross frontage||7.76m||25’ 05”|
|Net Internal Width||7.54m||24’ 09”|
|Shop Depth||9.83m||32’ 03”|
|Built Depth||14.22m||46’ 08”|
|Ground floor Sales||61.38m²||661 sq ft|
|Staff||6.38m²||69 sq ft|
|Stock||4.20m²||45 sq ft|
Website the property is assessed for Rating Purposes as follows:
As such the property does qualify for Business rates relief subject to individual circumstances. Interested parties should check the rates payable figure with Durham City Council Business Rates Department.
The property is available on a new full repairing and insuring lease for a term of 10 years with upward only review in year 5. A service charge covering common parts will also apply.
Offers in excess of £52,500 per annum
The property has an Energy Efficiency Rating of E109. The Certificate is available for inspection if required
All rents and costs are quoted exclusive of VAT
By arrangement with:-
T: 0191 280 4238 M: 07733 529228
T: 0191 280 4239 M: 07713 151970
Property type: Retail
Rateable value: £50,000
Planning use: A1
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