|Terms||To Let - new lease|
|Size||4580 sq ft|
Walkergate is Durham’s prime city centre leisure destination. A collection of bars and restaurants located within a purpose built 42,646 sq ft open air scheme, opened in 2008.
Walkergate is in a prominent position on Leazes Road (A690) with views over the River Wear, a short walk from Prince Bishops shopping centre and Durham’s retail core, and key tourist destinations. It is adjacent to a 103 bed Premier Inn hotel, HM Passport and National Savings & Investments offices, Gala Theatre & Cinema, with Durham Station a 9 minute walk.
The traditional retail pitch comprises Silver Street and Market Place, a short walk from Walkergate. This location provides a traditional pedestrianised high street and accommodates a number of important multiple retailers including Tesco Metro, WH Smith, and Boots. Linked to this is Durham’s main shopping centre, Prince Bishops, which is open air scheme off Market Place and Saddler Street. Important retailers include Next, H&M, JD Sports, and TJ Hughes.
Walkergate is anchored by a 13,946 sq ft Lloyds No. 1 Bar (JD Wetherspoon), as well as Slug & Lettuce, Nando’s, Ebony champagne bar, ASK Italian, and Players bar. It provides an attractive public realm environment and destination for shoppers and tourists to eat and drink.
The subject premises comprise the former Chiquitos which remains fully fitted.The unit is split over ground floor (3531sqft) and mezzanine levels (1049sqft) with the kitchen at the rear of the lower level.
The scheme has an annual service charge which is circa £26k per annum in addition to the rental -Chiquitos were apying circa £85k per annum . Full details to be discussed with any suitable applicants of proven covenant status.
Inspection is recommended.