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.
• Prominent corner retail unit let to T4at an affordable rent of £30,000 per annum.
• The residential accommodation comprises a five-bedroom student flat, which has recently been refurbished.
• The flat is let to Durham University students under Assured Periodic Tenancies (APTs) at a gross rent of £54,090 per annum for the 2026/27 academic year.
• The flat has been pre-let for the academic year 2027/28.
• Total net income of £80,060 per annum.
• Freehold.