Property

Investment Residential and Development

LAND WITH PLANNING PERMISSION FOR 43 BEDROOMS ACROSS 27 APARTMENTS – Nelson’s Yard, Holly Street, Durham City, DH1 4ER

Durham is one of the world’s leading Universities boasting a ranking of 78 in the QS World University Rankings 2020. In addition to a Top 100 World University status, Durham is also a major tourist attraction. The city accommodates several World Heritage Sites including Durham Cathedral and also benefits from its excellent leisure, retail and nightlife offer making it a prime student destination.

Comprising a site area of approximately 0.28 acres with planning permission for the construction of an apartment block including 27 one and two bedroom apartments totalling 43 bed spaces

LOCATION
Durham is situated on the River Wear approximately 29 kilometres (18 miles) south of Newcastle upon Tyne. The city
is highly accessible beneftting from excellent road and rail communications including the A1 (M) and East Coast main line
rail network; both of which link the city with London in the south and Edinburgh to the north along with many other major cities.

The land is located 1 mile west of Durham Cathedral, 0.5 miles south west of Durham Train Station, 0.3 miles from the
Bus Station and 0.4 miles west of Framwellgate Bridge and Durham City Centre therefore only a short walk from Durham’s many bars, restaurants and retail offerings including the newly developed leisure areas of Milburngate and The Riverwalk. 
In addition to a Top 100 World University status, Durham is also a major tourist attraction. The city accommodates several World Heritage Sites including Durham Cathedral and also benefts from its excellent leisure, retail and nightlife offer making it a prime student destination.

Durham is one of the world’s leading Universities boasting a ranking of 78 in the QS World University Rankings 2020.
Durham is also ranked 7th in the Times and Sunday Times Good University Guide 2019, 5th in the Guardian Good University Guide 2020, 6th in The Complete University Guide 2020 and 3rd in the Times Higher Education World University Rankings by Subject 2019.

According to Durham University; the Durham student population is approximately 18,707 (2018/19) which is made up of undergraduate and post-graduate students from over 130 countries and over 30% of the students are of non-UK origin. Students study across 16 colleges providing distinctive residential and educational communities.

VALUE ADDED TAX
We understand the property is not elected for tax and therefore no VAT is payable.

LEGAL COSTS
Each party is to be responsible for their own costs incurred in the transaction.

ANTI-MONEY LAUNDERING REGULATIONS
In accordance with anti-money laundering regulations, two forms of identifcation and confrmation of the source of  funding will be required from the successful purchaser.

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