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Retail Property (high street) to rent

Unit 2, 81-83 New Elvet

£18,000 pa| £1,500 pcm

Property Description

Key features

  • Retail Unit To Let
  • Close To University Students Union
  • Ground Floor NIA 34m2 (364 sq ft)
  • Neighbouring Occupiers Include Reeds Rains, QStudent and Starbucks
  • Located On Busy Thoroughfare
  • Rental 18,000pax

Full description

SITUATIONDurham, the jewel of the North East has a catchment approaching 100,000 being located only 1 mile from the A1(M) Motorway with direct inner city links to London & Edinburgh. Durham City Centre has a population in the region of 40,000 and an urban population including outskirts of some 80,000 which is boosted by a large student population of approximately 15,000 that attends the University of Durham. The subject property is situated close to the busy pedestrianised Elvet Bridge which leads to Saddler Street. The property benefits from being within close proximity to Durham University Students Union and is adjacent to the University Library, backing onto the river Wear and close to the City Centre. New Elvet is a busy student thoroughfare linking University accommodation to the South with the City Centre DESCRIPTIONThe property occupies the ground floor of a four storey, brick built period building beneath pitched and gabled slated roofs fronting New Elvet. ACCOMMODATIONThe accommodation briefly comprises:Ground Floor Retail 34m2 (364 sq ft)W/C TERMSThe property is available by way of a new lease for a term of years to be agreed in multiples of 5 years subject to 5 yearly upward only rent reviews on an effective full repairing and insuring basis with the tenant responsible for internal repairs together with all repairs to doors and windows and the landlord responsible for repairs to the main fabric of the building, management and the maintenance of the rear service area and all boundary walls and fences with a right to recover a proportion from each of the tenants by way of service charge.RENTALRental offers in the region of £18,000pax are sought.RATING ASSESSMENTWe understand that the rating assessments on the premises as at 1 April 2010 is as follows, although we would advise that some of the assessments may have been the subject of appeals and any interested party should confirm the current position with the Local Authority.Description RVShop and premises £12,500LEGAL COSTSThe ingoing tenant to be responsible for the landlords reasonable legal costs incurred in the preparation of the lease.ENQUIRIESAll enquiries are directed to our Durham Office on 0191 383 9999.

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