Commercial property for sale

A mixed use property comprising commercial buildings and a yard with consent for redevelopment
• Office Accommodation with Net Internal Area of 2,525.33 sq ft (227.28 m2) • Range of laboratories and workshop • Coal Storage and Sales Area • Outline planning consent for residential development • In all approximately 3.91 Ha (9.66 Ac)

Description

Description
The property extends in all to approximately 3.91 Ha (9.66 Ac) as shown hatched yellow on the plan within these particulars and comprises:

OFFICE PREMISES

Office premises extending to 227.28 m2 (2,525.33 sq ft) internally and comprising conference rooms, offices, kitchen, filing room and toilets.

LABORATORIES
Single storey buildings of both breeze block and brick construction formerly used as Laboratories. The buildings have a gross external area of approximately 245.82 m2.

STORAGE BUILDING
Large brick building suitable for a variety of uses including storage or workshop, with a gross external area of approximately 276.10m2.

COAL STORAGE AND SALES AREA
A range of small buildings and area formerly used for the importation, screening, disposal, storage and sale of coal and coke.

Planning

Planning
The property has the benefit of outline planning for 68 low carbon houses, 16 live/work units and a 17,000 Sq ft office building. The date of the planning consent is 22nd February 2010, and the reference is 3/2007/0773.

The outline planning consent also covers an adjacent area of land owned by a third party. The vendor previously had an option agreement over this land to purchase and which lapsed in February 2010. There may be an option to re-enter into an option agreement with the third party, subject to agreeing terms.

As part of the planning consent there is a section 106 agreement which comprises an obligation to provide £80,000 to the local planning authority for off site play equipment.

The outline planning consent for residential development also benefits from detailed consent
for an access from the new development on to the A68 public highway, however part of the access covers land owned by a third party and referred to above.

A copy of the planning consent, associated drawings and other associated documents referred to above are available on the property information pack CD.

Services

Services
The property is served by mains water and electric and benefits from private drainage to a septic tank.
Each of the buildings on the site is connected to the mains supply and private drainage.

Local Authority Contacts
Durham County Council
Civic Centre
Crook
County Durham
DL15 9ES

Tel: 01388 765 555

Also at
County Hall
Durham
DH1 5UH
Tel: 0191 383 4567

NEDL

Tel: 0870 608 4820

Solicitors
Heather Markham
Ward Hadaway
Sandgate House
102 Quayside
Newcastle upon Tyne
NE1 3DX
Tel: 0191 204 4000

Method of Sale
The property is offered for sale by private treaty. Interested parties are advised to register their interest with the selling agent at an early stage as a closing date may be set following initial marketing.

Offers to purchase the property should be made on the enclosed form, which should be submitted to the George F White, Wolsingham office.

Viewing
Viewing is strictly by appointment with the agents.

Access

Access
The property benefits from road frontage to both the A68 highway and the unclassified Inkerman Road public highway. As referred to above there is also detailed planning consent for access from the public highway if the outline planning consent for residential is exercised.

Mineral Rights

Mineral rights
It is understood that the mineral rights are excluded from the sale.

Clawback

Clawback
The access road from Inkerman Road is sold subject to a clawback. 50% of the market value of the site with planning is payable on grant of planning permission allowing the property to be used as anything other than an access route or for grazing. The covenant is released once payment has been made for the first change of use.

The current planning permission referred to within these particulars does not trigger this clawback.

General Remarks and Stipulations

Tenure and Possession
The property is offered for sale freehold with vacant possession upon completion

Rights
The property is sold subject to and with the benefit of all rights of way, water, drainage, water courses and other easements quasi or reputed easements and rights of adjoining owners if any, effecting the same and all existing and proposed wayleaves or other matters registered by any competent authority subject to statute.

We are aware that there is a wayleave in favour of NEDL in respect of electricity apparatus that runs over the property.

There is a right of way, with or without vehicles, to a third party across the route marked green on the plan within these particulars.

Energy Performance Certificate
An energy performance assessment has been carried out on the office premises, and the certificate is available on the property information pack.

Buisness Rates
The property currently has a rateable value of £45,250, with annual business rates payable to Durham County Council.

Some of this rateable value relates to machinery, and there to portacabin offices that previously existed on the site. There is therefore potential to review the present rateable value and associated rates.

Sales Particulars
We have taken reasonable care to prepare particulars that collectively describe the property, however the particulars are based on information supplied by or on behalf of the vendor and we are not responsible for errors. The particulars must not be relied upon and do not form any contacts between a vendor and the purchaser.

Property Information Pack

Property Information Pack
A Property Information Pack is available upon request from the selling agent, which includes:
• Title information and plans
• Planning consent and drawings
• Section 106 agreement;
• Option agreement on the adjacent land
• Energy Performance Certificates
• Information on Business Rates
• Certificate of Lawful Uses
• Ground Condition Surveys

Directions

Directions
Follow the A68 from Bishop Auckland towards Corbridge. At Tow Law, follow the A68 through the village. On leaving the main settlement of the village, the site is located on the right hand side, accessed along the road with sign named Banks Group at the entrance.

Property Ref:1_1601_2330335