Description
A self-contained ground-floor retail/office unit within a two-storey building, benefiting from an extensive glazed corner frontage and its own entrance.
Currently arranged as an estate agency office, the accommodation provides a well-presented, predominantly open-plan customer and working area, with WC facilities to the rear. The premises benefit from good natural light, carpeting, ceiling-mounted light panels and wall-mounted electric heaters.
The unit would suit a range of retail, office or professional service occupiers seeking a visible trading position close to Durham city centre, subject to any necessary consents.
Location
Durham is a historic cathedral and university city situated approximately 18 miles south of Newcastle upon Tyne and 12 miles south-west of Sunderland.
The property occupies a prominent position on Gilesgate (A181), approximately one mile east of Durham city centre and close to the junction with Sunderland Road. This busy route provides one of the main approaches to and from the city centre, giving the premises excellent exposure to passing traffic.
Surrounding occupiers include Dunelm Veterinary Group, Bupa Dental Care, William Hill and Sainsbury’s.
What3words
///lights.chops.cliff
Lease Terms
The property is available by way of a new effectively full repairing and insuring lease for a term of years to be agreed, at an annual rent of £12,500.
Business Rates
Rateable Value: £6,700.
Eligible occupiers may benefit from 100% Small Business Rates Relief.
Interested parties should confirm their eligibility and actual liability with Durham County Council.
VAT
VAT is not applicable to the rent.
Legal Costs
Each party to be responsible for their own costs incurred in the transaction.
Application & Referencing
Where referencing is undertaken by the Agent, an application and referencing fee may be payable by the applicant. Further information is available from the Agent.
Energy Performance
The property has an EPC rating of B (37).
Anti-Money Laundering Regulations
In accordance with anti-money laundering regulations, identification and confirmation of the source of funding will be required from the tenant.
About Us
Established in April 2017, Graham S Hall Chartered Surveyors are a highly regarded independent firm of Chartered Surveyors and commercial property agents based in Durham.
We are passionate about property and getting the best results for our clients. We pride ourselves on hard work and giving good honest advice, irrespective of the fee and even when it might not be what the client wants to hear.
While our focus is primarily on sales, lettings and acquisition of retail, office, industrial and investment, we also offer extensive experience in asset management, development and lease advisory, such as lease renewal and rent review.
Our main core areas of work include:
Leasing and letting
Sale and purchase
Investment sale and purchase
Lease renewal and rent review
Asset management
Development
Consultancy
Expert witness
However big or small, we are ready to help. Talk to us today.
