5 North Road Durham County Durham DH1 4SH

5 North Road
Durham
County Durham
DH1 4SH

Freehold Retail Investment

Entirely let on a 15 year lease until 2021
Popular Cathedral City
Rent review 2011 & 5 yearly
150 metres from Durham’s main bus station
Other nearby occupiers include Boots the Chemist, Burger King, Iceland and Gates Shopping Centre

Lot
19
Auction
21st October 2010
Rent
£35,000 per Annum Exclusive
Status
Sold
Price
£495,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

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Freehold Retail Investment

Entirely let on a 15 year lease until 2021
Popular Cathedral City
Rent review 2011 & 5 yearly
150 metres from Durham’s main bus station
Other nearby occupiers include Boots the Chemist, Burger King, Iceland and Gates Shopping Centre

Lot 19
Auction 21st October 2010
Rent £35,000 per Annum Exclusive
Status Sold
Price £495,000
Sector
Leisure
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
Mayfair
London W1K 2HP

Property Information

Location

Miles: 13 miles south-west of Sunderland, 19 miles south of Newcastle upon Tyne, 19 miles north-west of Hartlepool
Roads: A1(M), A690, A167
Rail: Durham Railway Station
Air: Newcastle International Airport (19 miles)

Situation

The property is situated on the south side of North Road approximately 25 yards west of the Framwellgate Bridge/Milburngate junction, some 150 metres from Durham’s main bus station, and close to Gates Shopping Centre. Other nearby occupiers include Boots the Chemist, Burger King, Iceland and Coral Betting Shop.

Tenure

Freehold.

Location

Miles: 13 miles south-west of Sunderland, 19 miles south of Newcastle upon Tyne, 19 miles north-west of Hartlepool
Roads: A1(M), A690, A167
Rail: Durham Railway Station
Air: Newcastle International Airport (19 miles)

Situation

Tenure

Freehold.

Description

The property comprises RETAIL ACCOMMODATION on the ground floor with STAFF and TANNING ROOMS on the first floor, and PLANT/STORAGE ACCOMMODATION on the second and third floors.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises RETAIL ACCOMMODATION on the ground floor with STAFF and TANNING ROOMS on the first floor, and PLANT/STORAGE ACCOMMODATION on the second and third floors.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First Second Third	Retail Staff/Tanning Rooms Storage	99.87 sq m 64.94 sq m 27.78 sq m Not Measured	(1,075 sq ft) (699 sq ft) (299 sq ft)	LUXURY LEISURE (t/a Nobles Amusements)	15 years from 03/10/2006 until 02/10/2021 on a full repairing and insuring lease	£35,000	03/10/2011 and 03/10/2016
Totals		192.59 sq m	(2,073 sq ft)			£35,000