Dun Cow37 Old Elvet, Durham, DH1 3HN

Description
The property comprises the ground, basement and first floor of a two storey mid-terraced building with painted brick and stone elevations beneath a pitched and hipped roof.

Accommodation
Ground Floor: The ground floor provides a two room trading area with an inter-linking bar servery and seating on loose tables, chairs and bench seating for 55customers. Ancillary areas include a trade kitchen, customer WC's and stores to the rear.

First Floor: The first floor comprises office and the managers flat with a bathroom and kitchen.

Basement: The basement provides a cellar and stores.

Externally: There is an enclosed area to the rear with smoking shelter and customer WC's.

Tenure
The property is held freehold (Title Number DU244861).

Tenancy
The entire property is let to Dun Cow (Durham) Ltd on a lease expiring 14 December 2032 at a current rent of £43,214 per annum which is subject to five yearly open market reviews and annual RPI increases capped at 3% (except in the open market review year). A rent deposit of £10,446 is held by the landlord.

Planning
The property is Grade II Listed and is situated within the Durham City Conservation Area.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

EPC
D - 87

Terms
We are instructed to invite offers in excess of £525,000 (7.85% NIY) assuming the usual purchasers costs.

Fixtures & Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.

Viewings
All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff. For further information and all viewing requests please contact the sole selling agents Savills.

Similar Investment Opportunities
If you have an ongoing requirement for similar investment opportunities then please visit the following website for a selection of properties we are currently marketing: https://sites.savills.com/stonegateportfolio