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Rent: £62,500 - £62,500

Region: County Durham

Town/City: Durham


LOCATION
Durham City has 43,000 residents and 16,000 students during term time and is situated approximately 18 miles south of Newcastle City Centre.  The premises form part of the purpose built student accommodation developed and operated by Student Castle situated at the bottom of Claypath’ in the heart of Durham City Centre.  The historic Market Place and Cathedral Green is a short 2 minute walk. Walkergate comprising bars, restaurants and a theatre are to the rear of the development and the shops in Prince Bishops Shopping Centre and Silver St are close by and accessed off the Market Place.
The development  compled in Summer 2019 andprovides 450 student beds, a high proportion of which are for international students.  A range of accommodation is available including single bed studios, shared flats, private studios twin rooms and 2 bed apartments. Much of the accommodation is already let.

 

ACCOMMODATION
The retail accommodation will be available to a developers shell specification with glazed shop fronts and mains utilities – full specification available upon request.  The accommodation is arranged on ground and basement levels with servicing direct from the side access road and offers the following approximate floor areas and dimensions:-

Internal Width 57’ 01” 17.40 m
Shop Depth 68’ 01” 20.75 m
Ground Floor NIA 3,314 sq ft 308.06 sq m
Basement Storage 805 sq ft 74.82 sq m

LEASE TERMS
The premises are offered by way of a new Full Repairing and Insuring Lease for a term to be agreed at an initial rent of £62,500 per annum exclusive subject to five yearly rent reviews.

 

RATEABLE VALUE
The property has not been assessed for rating purposes.

 

USE
Our clients would prefer a use which is complimentary, and which will not conflict with the student accommodation above and to the rear. These uses include:-
• Convenience stores, retail shop, coffee shops cafes and restaurant use.
• A5 takeaway and A4 bar use will not be considered.

 

ENERGY PERFORMANCE CERTIFICATE
An Energy Performance Certificate (EPC) will be available upon completion of the development.

 

LEGAL COSTS
Each party will bear their respective legal costs incurred in connection with the transaction.

 

VAT
All figures quoted in these terms are exclusive of VAT where chargeable

 

VIEWING

By prior appointment through @retail:-

Ian Thurlbeck

DD: 0191 280 4236

Mob: 07515 831417

Email: iant@atretail.co.uk

or

Pete Townsend

DD 0191 280 4239

Mob: 07713 151970

Email: pete@atretail.co.uk

Property type: Retail

Rateable value: £TBC

Planning use: A1, A2 &A3

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