Key features
- 0.7 miles from Durham Train Station
- 2.3 miles from the A1(M)
- 25 miles from Newcastle International Airport
- Bus stops located 0.2 miles away
- Fully fitted restaurant to let by way of assignment
- High footfall area
- Located in a prime retail area
- Nearby occupiers include Zizzi’s, Fat Hippo, and Pizza Express.
- Total size of 328.78m² (3,539ft²)
Description
LOCATION
The property is situated on Saddler Street close to the inter section with Elvet Bridge. The Saddler Street links the world heritage site of the Castle and Cathedral complex to the prime shopping area of the marketplace, Silver Street and The Prince Bishops Shopping Centre.
The nearby Elvet Bridge leads down over the River Wear to the Elvet area of Durham and the University. Nearby occupiers include Zizzi’s, Fat Hippo, and Pizza Express.
DESCRIPTION
The property comprises a fully fitted ground floor bar/restaurant with internal storage and cellar to the basement. There is also a fully fitted kitchen in the basement with fridge/freezer draws, grills, microwaves, ovens, and a walk-in fridge/freezer unit. Accessed separately in the basement there is a staff room and W/C for customers. There is also an outdoor seating area which can be accessed via the rear of the property.
ACCOMMODATION
Ground Floor (Restaurant/Bar) 208.57m² 2,245ft²
Basement (Kitchen) 120.22m² 1,294ft²
Total 328.78m² 3,539ft²
RATING ASSESSMENT
Description RV Estimated Rates Payable
Restaurant and £72,000 £35,928
premises
We are advised that the rateable value of the premises as at 1 April 2017 is £72,000 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
Not applicable.
THE LEASE
The property is subject to a lease expiring on or before 1st October 2034 at a passing rent of £75,000 per annum, subject to an outstanding rent review on 2nd October 2019.
TERMS
The premises are available to let by way of assignment. Premium offers invited.
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 or Marc Pickering at Bradley Hall.
Tel: 0191 232 8080
Email: [email protected]
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