12 Silver Street combines secure retail income with long-term student accommodation demand, with the flat fully pre-let until 2027.
๐๐ฒ๐ ๐๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐:
-Attractive corner retail unit let to T4 Bubble Tea at ยฃ30,000 per annum.
-Five-bedroom flat above, recently refurbished and let to Durham University students.
-Residential accommodation pre-let through to 2027/28 academic year.
-Durham is an affluent, historic cathedral and university city with exceptional rental demand.
-Total net income of ยฃ77,782 pa.
Offering secure income, strong tenant covenants and excellent long-term fundamentals in one of the UKโs most desirable university cities, weโve been instructed to seek offers in excess of ยฃ875,000, reflecting a blended NIY of 8.42% for this exceptional investment opportunity.
To find out more, take a look at the brochure and contact Graham Fawcett and Oliver Smart, or our joint agents Newmark UKโs Angus Harperย and Ben Thompsonย for more details.
Durham Silver Street Brochure