The premises comprise a mid-terrace industrial unit of steel portal frame construction with brick and blockwork walls with profile cladding above and concrete floors throughout. We understand that 3phase electricity serves the whole estate and that the property is connected to all mains services.
A large level access roller shutter door (3.8m x 5.2m) allows access from extensive external circulation areas. Minimum height to eaves of 5.1m, rising to 6.0m at the apex.
Location
The premises are located approximately 1-mile south of Spennymoor Town Centre on the established Merrington Lane Industrial Estate.
Access is off the A688 which in turn provides excellent access to Junction 61 of the A1M. Durham City is approximately 6 miles to the north and Darlington 16 miles to the south.
Surrounding businesses include Thorn Lighting, DS Smith and Stiller Warehousing & Distribution Ltd.
Accommodation
FLOOR AREA - Approximate GIA - 1,646.80 sq m (17,726 sq ft)
Terms
TERMS - The property is available by way of a new EFRI lease, for a term of years to be agreed. Rent from only £52,290 pax (£2.95 per sq ft).
The Landlord is willing to refurbish the property, prior to a new tenant taking occupation, subject to agreeing appropriate lease terms and rent.
ENERGY PERFORMANCE - Awaiting EPC.
VAT - All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Graham S Hall upon this basis and where silent, offers will be deemed net of VAT.
RATING ASSESSMENT - We understand that the premises have a rateable value of £18,250 and £18,500 effective from 01st April 2023 however, it is recommended that any interested party confirm the accuracy of this information and the rates payable with the Local Authority.
LEGAL COSTS - Each party to be responsible for their own costs incurred in this transaction.
ANTI-MONEY LAUNDERING REGULATIONS - In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the purchaser / tenant.
Specification
- Approximately 1,646.80 sq m (17,726 sq ft)
- Established Industrial Location
- Excellent Access to Junction 61 of the A1(M) via the A688 (1.3 Miles to the East)
- Office Block Incorporating WC & Kitchen Facilities
- Proposed Landlord Refurbishment (Details Available on Request)
- Utility Unit Cost Only 6.94 kWh (Day) & 5.64 kWh (Night), Until Nov 2025
- Minimum Eaves Height 5.1m, Rising to 6.0m at the Apex
- Large Electrically Operated Roller Shutter Door
- New EFRI Lease Available
- Rent From £52,290 pax (£2.95 psf)