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Property Listing Details

Property details

  • Floor area 834 sq. ft

Features

  • Excellent City Centre Location
  • Ideally Situated Between Market Place / Saddler Street & the Walkergate Complex
  • Directly Opposite 473-Bed Student Development Due to Open September 2019
  • Fully Fitted & Equipped Premises
  • A5 Consent with Permitted Change to A1, A2 & A3 (Subject to Landlords Consent)
  • Would Suit Restaurant Operation of 50-70 Covers
  • Ground Floor Area 77.48 sq m (834 sq ft)
  • Passing Rent £26,580 per annum
  • Premium Offers Invited

Listing view statistics

Last 30 days: 23 page views

Since listed: 1017 page views

Description

Location

The property occupies a prominent position on Claypath which is within close proximity of the, Walkergate Leisure Scheme and provides a busy thoroughfare to and from the city centre's prime shopping areas, comprising; Market Place, Silver Street and Saddler Street.

Claypath has become an increasingly popular residential location for many of the City's student population, with a 473-bed scheme currently under construction. Surrounding occupiers include: Subway, Keith Pattinson & Ben Charles Estate Agents, Nando's, Chiquito, Ask Italian and jd Wetherspoon (The Bishops Mill).
Business

This business was established by our client in 2011 and has been placed on the market as they wish to consider another opportunity.

The business is effectively a hot food takeaway with a specialist menu comprising mainly grilled food in the form of traditional kebabs, burgers and wraps together with a large selection of classic and premium pizzas.

The business offers a collection, eat in and delivery service via just eat, where it boasts a 5-star rating based on circa 350 reviews (as of August 2017).

This could also be a fantastic opportunity for a restaurant operator to increase trading hours and benefit from the location and potential offered by the unit.
Premises

Comprise a fully fitted rectangular shaped retail unit of 77.48 sq m (834 sq ft) including disabled WC facilities.
Current trading hours

Monday - Sunday: 5pm to 11pm
Fixtures & fittings

A full inventory will be made available prior to exchange of contracts.
Rating assessment

We understand that the premises has a rateable value of £23,500 effective from 1st April 2017.

It is recommended that any interested party confirm the accuracy of this information and the rates payable with the Local Authority. As a new occupier, rights of appeal may exist against the assessment.
Tenure

We understand that the premises are held on a 20-year efri lease from January 2011 at a passing rent of £26,580 per annum. A copy of the lease is available to seriously interested parties and it is recommended that these parties seek their own legal advice in this regard.
Financial information

Turnover is confidential. Further financial details are available to seriously interested parties after viewing.
Energy performance

Awaiting EPC.
Legal costs

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

For general enquiries and viewing arrangements please contact sole agents Graham S Hall Chartered Surveyors.

Map & Nearby

Local Amenities

  • Durham 0.3 miles
  • Chester-le-Street 5.3 miles
  • The Independent Grammar School, Durham 0.1 miles
  • Durham Sixth Form Centre 0.2 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Durham 0.3 miles
  • Chester-le-Street 5.3 miles
  • The Independent Grammar School, Durham 0.1 miles
  • Durham Sixth Form Centre 0.2 miles
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Property descriptions and related information displayed on this page are marketing materials provided by Graham S Hall Chartered Surveyors. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Graham S Hall Chartered Surveyors for full details and further information.