Durham has a catchment population of approximately 111,000 and comprises a particularly high proportion of young adults aged 15-24. The Durham area contains a significantly above average proportion of adults within the most affluent AB social group.

Durham castle and cathedral are designated by UNESCO as a World Heritage Site which assist in attracting tourists to Durham every year. 3.12 million people visted in 2021 generating £237.93 million in visitor expenditure. The number of people employed as a direct result of tourism is 2,861 people.

The central shopping area is compact and development is constrained by the historic nature of the city and the River Wear. This constraint on supply provides a strong foundation for rental growth along with the reduced number of voids in the city centre. Retail floor space provision is estimated at 530,000 sq ft and is focussed on Riverwalk Shopping Centre, Land of Prince Bishops Shopping Centre, Silver Street and North Road.

The subject property occupies a prime retailing location on the pedestrianised Silver Street between Market Place and Framwelgate Bridge. The property is Grade II listed and comprises a retail unit on ground floor with fully furnished student residential uppers on first to third floor.