30-31 Silver Street, Durham, DH1
Annual Rental Of £102,500

LOCATION
The historic city of Durham is the economic and cultural centre of County Durham, sitting approximately 18 miles south of Newcastle and
14 miles south west of Sunderland. 

Durham benefits from excellent road communications being located in close proximity to the A690 and the A1M, connecting the city to the national motorway network. 
The city is on the main East Coast rail line from London to Edinburgh.

Durham has a resident population of 50,400 people and a catchment of approximately 120,000 which is boosted substantially by tourists and students. The city's cathedral and 
castle are designated by UNESCO as a World Heritage Site and help to attract an estimated 5.5 million tourists per year. 

Both the Riverwalk and Prince Bishops shopping centres are within close proximity of the subject property and provide valuable parking to the City with Silver Street being the 
pedestrian thoroughfare between the two.

Surrounding retailers include Caffè Nero, Tesco, Lloyds Bank, Mountain Warehouse, The Body Shop, Vodafone, Stormfront and Holland & Barrett.

DESCRIPTION
The property is of brick construction arranged over basement, ground and lower ground floor. The rear of the property faces onto Back Silver Street which provides rear access and 
attractive views over the River Wear. 

ACCOMMODATION
Approximate floor areas as follows:
SQ M (SQ FT)
Ground floor sales 159 (1,711)
Lower ground storage 90 (968)
TOTAL 249 (2,680)

TERMS
The property is available by way of a new FRI lease for a term of years to be agreed, at a rent of £102,500 per annum exclusive.

RATING ASSESSMENT
To be reassessed on completion of redevelopment.

EPC
The property currently has an Energy Performance Certificate rating of 62 within Band C.

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Graham S Hall upon this basis and where silent, 
offers will be deemed net of VAT.

LEGAL COSTS
Each party to be responsible for their own costs incurred in this transaction.

ANTI-MONEY LAUNDERING
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the purchaser / tenant.

VIEWING
For general enquiries and viewings please contact Joint Sole Agents Graham S Hall Chartered Surveyors or Reid Birkett.