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Barn for sale

Stockton Road, Castle Eden

Withdrawn from Market £495,000

Property Description

Key features

  • Investment opportunity
  • Sought after location
  • Good access to major routes
  • Tranquil & rural location
  • Parking
  • Excellent condition
  • Village location
  • Close to A19 North and South

Full description

Tenure: Freehold

*INVESTMENT OPPORTUNITY* Commercial premises comprising a large detached Studio, together with a small detached Office Block and a further detached small Office Block, all currently occupied. The premises have their own access on to Stockton Road and there is a block paved courtyard and garden...

All tenants currently occupy on a licence basis with easy in easy out terms. Gross Passing Rent is £17.73 per sq ft before deducting costs for utilities and services. There is scope for any prospective purchaser to either occupy or hold as an investment with room for rental growth.

Suite Size (ft²) Rateable Value EPC Ratings
Wellwood 579ft² £2,700 D91
Gunners Pool 597ft² £2,850 D86
Mossy Bridge 459ft² £2,450 -
Beech Grove 304ft² £1,550 C68
Frenchmans House 592ft² £2,850 -
Stockroom 244ft² £1,475 - 

ACCOMMODATION The premises provide the following accommodation: 

Main Studio 1  

Ground Floor: Entrance Lobby, main Reception Office, Conference Room, further Offices, storage area, Ladies & Gents WCs, Kitchen, main staircase and spiral staircase to first floor. 

First Floor: Mezzanine storage area, main Office, secondary Office. Spiral and main staircase to ground floor as well as a third staircase area serving the mezzanine area. 

Detached Studio 2:  

Ground Floor: Entrance Lobby, Cloakroom/WC, main Office, Conference Room, stairs to first floor mezzanine. 

First Floor:  

Mezzanine floor area.  

Detached Studio 3: Entrance Lobby, main Office, secondary Office, and small store complete with Air Source heat pump. 

Externally: Block paved courtyard, with semi hard standing for car parking area. 


FLOOR AREAS m2 /sq ft (approximately)  

Main Studio:  

Ground Floor:  

Total Nett Area 137.5 1480  

First Floor:  

Total Nett Area 109.6 1180  

Detached Studio 2:  

Ground Floor:  

Reception/main Office 30.2 325  

Conference Room 12.5 135  

First Floor:  

Mezzanine area 6 65  

Detached Studio 3:  

Ground Floor only:  

Main Office 14.9 160  

Small Office 9.1 98  

RATEABLE VALUE According to online information, there appear to be numerous rateable values attributed to the entirety of the premise. 

SERVICES Mains water and electricity are connected and drainage is to the main sewer.

Oil-fired central heating to the main Studio. 

The detached Studio 2 appears to have electric heating. The detached Studio 3 appears to have an Air Source heat pump system.

These premises are situated in the delightful village of Castle Eden, fronting on to Stockton Road, which originally was the main A 19 trunk road but which has been bypassed with a modern dual-carriageway which lies to the west of the village. This A19 trunk road gives immediate access north towards Sunderland and Tyneside, and south towards Teesside and Leeds. As noted previously, the premises are virtually equidistant between Durham City, Sunderland, Hartlepool and Teesside, and therefore this area is particularly popular due to its excellent location. The modern new town of Peterlee lies approximately 3 miles to the north, which has a large industrial and business Park providing employment to the area. The premises originally were a Barn with outbuildings, possibly attached to the Castle Eden Inn which lies adjacent to the premises, and they were converted into an attractive design by Anthony Burns Architects, who occupied the main Studio until fairly recently.

The current owners have upgraded the premises to provide attractive Office Studio accommodation in an area where there is a demand for this type of accommodation, particularly with the excellent road network that serves the area. The original Castle Eden Brewery premises, which lie within one mile, have been converted into serviced office accommodation which is extremely popular. The premises in question would be suitable for occupation by one business or could easily be split into serviced accommodation like the Old Brewery, for which we consider that there would be an excellent demand. 


Listing History

Added on Rightmove:
25 October 2016

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