The property comprises a two storey detached modern purpose-built office which provides a range of well fitted office suites, meeting space for use by Tenants only and secure car parking.
Location
Kingfisher House occupies a prominent elevated position on St. Johns Road, which is the main throughfare on the well-established and popular Meadowfield Industrial Estate.
The property is located approximately 2.5 miles southwest of Durham City and midway between the conurbations of Tyneside and Teesside. Newcastle is approximately 20 miles to the north and Middlesbrough is 25 miles south-east.
The A167 and A1(M) are in proximity with access via Junction 61 of the A1(M) providing access to the rest of the region.
The area benefits from good public transport links with the Arriva bus number X46 and Arriva bus number 49A serving the entrance to St Johns Road. The mainline intercity railway services provided in Durham City allow for easy access throughout the country.
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Accommodation
Suite 3 - 35.95 sq m (387 sq ft)
Suite 5 - 82.5 sq m (888 sq ft)
TOTAL - 118.45 sq m (1,275 sq ft)
Terms
TERMS - Space is available by way of new EFRI leases for a term of years to be agreed at the following rents:
Suite 3 - £5,300 pax (£442 pcm)
Suite 5 - £9,500 pax (£792 pcm)
BUSINESS RATES:
Suite 3 - Rateable Value (Effective 1st April 2023) - £3,400
Estimated Rates Payable - £0
Suite 5 - Rateable Value (Effective 1st April 2023) - £9,400
Estimated Rates Payable - £0
N.B. numbering of office suites at the VOA varies to the numbering on site.
*Our estimates are calculated by applying the appropriate Business Rate Multiplier to the RV and adjusting for Small Business Rate Relief. Not all properties or 'small businesses' qualify for relief. Interested parties should confirm the accuracy of this information and the actual rates payable with the Local Authority.
ENERGY PERFORMANCE - EPC rating C 57.
VAT - **We are advised by our client that VAT is not currently payable on the rent.
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.
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
- Prominently Located on Established Business Park
- Open Plan & Compartmental Layout Available
- Air Conditioning (Heating & Cooling) with Individual Controls
- Free Access to Meeting / Training Room
- Allocated Car Parking
- No Business Rates Payable*
- No VAT Payable on Rent**