Ground floor office suite in modern building well located at the entrance of an established business park.
The site comprises a modern purpose-built office complex arranged as a terrace of five two storey units together with car parking facilities.
Internally, the units are fitted to a high specification to include suspended ceilings, Cat II lighting and gas central heating. The premises also benefit from kitchen and wc facilities to the ground floor.
Location
Meadowfield is a popular commercial and residential suburb of Durham City. The nearby A690 provides access to the city as well as west towards Crook and the Wear Valley and the city of Durham to the east. The A1(M) (6 miles) provides access North to Newcastle upon Tyne (24 miles) and south to Darlington (26 miles).
The A167 is accessed at Nevilles Cross (1.5 miles) to the east. The A167, old A1 Road provides access north towards Framwellgate Moor and Chester-le-Street (10 miles) and south towards Chilton and Newton Aycliffe (12 miles). The mainline intercity railway services provided in Durham City allow for easy access throughout the country.
Accommodation
Approximate net internal areas:
Unit 5 - 113 sq m (1,216 sq ft)
Terms
TERMS - The property is available by way of a new EFRI lease for a term of years to be agreed at a rent of £15,000 pax.
RATING ASSESSMENT - We understand that the premises have a rateable value of £12,750 effective from 1st April 2023. Under current government legislation, Small Business Rate Relief could result in a reduction in the rates payable (subject to eligibility). It is recommended that any interested party confirm the accuracy of this information and the rates payable with the Local Authority.
ENERGY PERFORMANCE - EPC rating B 48.
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.
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
- Modern Office Space of Approximately
- 113 sq m (1,216 sq ft)
- Well Located at the Entrance of an Established Business Park / Industrial Estate
- Only 3 Miles Southwest of Durham City
- On-Site Car Parking
- Small Business Rate Relief Available (Subject to Eligibility)
- New EFRI Lease Available
- Rent £15,000 pax