Retail premises to let in Market Place, Durham DH1

Location
The property is situated in a prime location on Market Place within Durham City Centre adjoining Durham Indoor Market together with other nearby occupiers including Tesco, Boots, wh Smith, Lloyds, Barclays and NatWest.
Description
The property provided ground floor retail accommodation most recently used as a travel agents together with stores at basement level.
Accommodation
The property briefly comprises as follows:-

ft2 m2
Ground Floor ft m
Sales Area Max Internal Width 15’5” 4.72
Sales Depth 37’4” 11.39
Sales Area 495 45.99

Staffroom 60 5.57

Basement
Stores 170 5.57

Tenure
The property is available via assignment of an existing lease which expires 24th March 2027 at a passing rent of £37,500 per annum plus VAT on Tenant Internal Repairing and Insuring terms.
Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.

Viewing
Contact – Marc Weaver or Alexa Reavley
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• VAT
The rent is subject to VAT.

Rateable Value (rv)
The Valuation Office has confirmed the Rateable Value is £21,500. The Uniform Business Rate for the Rates Year 2023/2024 is 49.9p If necessary, a written request should be made to the Local Authority for confirmation.
Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.
Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.
Ref
DC1134

EPC

Energy Rating C