12 Silver Street

Description

Investment Overview
• Prime retail and student residential investment located on Silver Street in the heart of Durham’s retail centre.
• Durham is an affluent, historic cathedral city and popular retail and tourist centre.
• Property comprises 1,952 sqft of retail and residential accommodation, arranged over four floors.
• Attractive corner retail unit let to T4at a low rent of £30,000 per annum.
• Residential accommodation comprises a five-bedroom flat, which has recently been refurbished.
• Flat is let to Durham Students on an Assured Shorthold Tenancy at a gross rent of £53,820 per annum for the academic year 2025/2026.
• Residential flats have been pre-let for the academic year 2026/27 and 2027/28.
• Total net income of £77,782 per annum.
• Freehold.