Restaurant to rent

LOCATION
Durham, the jewel of the North East has a catchment approaching 100,000 being located only 1 mile from the A1(M) with direct inner-city links to London & Edinburgh. Durham City is the County town of the County of Durham which is centrally located between the conurbations of Tyneside to the north and Wearside to the east and Teesside to the south. The City is approximately 18 miles south of Newcastle upon Tyne, 15 miles south west of Sunderland and 20 miles north of Teesside with Darlington approximately 20 miles to the south. The centre has a population in the region of 40,000 and an urban population including the outskirts of some 80,000 which is boosted by a large student population of approximately 14,000.

The property is situated on Silver Street, arguably the City’s busiest pedestrian street leading from Market Place to Framwelgate Bridge which links both sides of the city.

DESCRIPTION
The subject property comprises a retail unit, formerly trading as a café, split over 4 floors. Ground and floor sales area is open plan with w/c facilities, the basement provides staff/prep area and the sub-basement provides office/potential living quarters. The property benefits from an extensive, glazed return frontage with views over the river and external seating.

ACCOMMODATION
Ground Floor Sales 87.61 m2 (943 ft²)
First Floor Sales 74.32 m2 (800 ft²)
Lower Ground 79.15 m² (852 ft²)
Basement Storage 32.52 m² (350 ft²)
Total size of 273.6 m² (2,945ft²)

RATING ASSESSMENT
Description RV Estimated Rates Payable
Retail unit £74,500 £37,175
We are advised that the rateable value of the premises as at 1 April 2017 is £74,500 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 49.9p in the pound. However, interested parties should confirm the current position with the Local Authority.

EPC RATING
Awaiting EPC Rating

TERMS
The property is available to let by way of a new FRI lease for a term of years to be agreed.

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.

LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.

MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.

VIEWING
For general enquiries and viewing arrangements please contact Joseph I’Anson at Bradley Hall.

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