Graham S Hall Chartered Surveyors has completed the sale of 72 North Road, Durham, a well-located mixed-use investment property in one of the city’s busiest commercial areas.
The property comprises a ground floor retail unit with a separately accessed three-bedroom student apartment above. The sale was agreed at £450,000, reflecting a net initial yield of approximately 8% after standard purchase costs.
Busy Location with Consistent Footfall
Situated at the eastern end of North Road, the property benefits from strong pedestrian traffic and proximity to Durham Bus Station, The Riverwalk development and Framwellgate Bridge. Nearby occupiers include Tesco Express, Sainsbury’s Local, Greggs and Subway.
Graham S Hall recently acted for the vendor in securing a lease renewal with the existing ground floor tenant, reinforcing the ongoing demand for well-positioned retail units in the city.
The upper floors are let to students attending Durham University, where demand for quality student accommodation remains high. Rents have shown strong growth in recent years, supported by limited supply and a growing student population.
Buyer with Regional and National Experience
The purchaser is an established property company with a track record of investment across both the North East and London. The transaction proceeded on an unconditional basis and completed promptly.
We continue to assist a variety of clients with commercial property acquisitions and disposals across the North East. For further information or an initial conversation, please contact Daryl Carr on 0191 731 8660 or email This email address is being protected from spambots. You need JavaScript enabled to view it.
