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Retail Property (high street) to rent

Units E6 & E7

£14,000 pa| £1,167 pcm

Property Description

Key features

  • Extends to 4,043 ft2 (375.61 m2)
  • Excellent location, close to the Arnison Retail Park, Durham's Premier Retail Park
  • Retailers include Sainsbury, Marks and Spencer, Boots, Next, Asda Living, Nike Outlet and others.
  • Height to Eaves - 4.6m (15ft 1in)
  • Neighbouring occupiers include Evans Cycles Plumbase, Plumb Centre, Graham Builders Merchants, Tyrex, Ivan Simpson Bathrooms and Pulman VW to name but a few.
  • Only 1.5 miles north of Durham City Centre

Full description

LOCATION The City is the county town of the County of Durham which is centrally located between the conurbations of Tyneside to the north and Wearside to the east and Teesside to the south. The City of Durham is approximately 18 miles south of Newcastle upon Tyne, 15 miles south west of Sunderland and 20 miles north of Teesside with Darlington approximately 20 miles to the south. Durham is a University City being the third oldest University behind Oxford and Cambridge with approximately 15,000 students with slight variance year on year. There has been an indication that the University are looking to increase their numbers.The subject property is located close to the Arnison Retail Park approximately 1 ½ miles north of Durham City Centre. The park is anchored by a 100,000 ft2 Sainsburys Superstore and 65,000 ft2 Marks and Spencer store which opened in Spring 2013. Arnison is Durham’s largest retail warehouse destination with over 289,000 ft2 in 20 units with over 1400 free car parking spaces.SITUATIONThe subject premises are shown edged red on the location plan attached. They occupy a rear corner position in Block E within the Business Park and benefit from a good level of car parking to the front. The Estate lies off Abbey Road and leads onto Front Street, Pity Me and the A167 roundabout to this.DESCRIPTIONThe property is of brick and block cavity wall construction up to a height of approximately 2 metres with insulated cladding panels above and to the roof with a height to eaves of 4.6m (15ft 1in).Internally the property benefits from fluorescent lighting, 3 Phase electric and mains water to a ground floor WC. The unit will have a clear floor space following removal of the previous tenants sub division walls.Externally there is a plate glass entrance door, rear personnel/emergency exit and a roller electronically operated shutter to a height of 3.47m and width 4.14m.ACCOMMODATIONThe accommodation extends to 4,043 ft2 (375.61 m2). Unit E6 2.067 ft2 (192.03 m2).Unit E7 1,976 ft2 (183.58 m2).TERMSThe property is available on the basis of a new lease for a minimum term of 5 years, subject to 5 yearly upward only rent reviews, on a full repairing and insuring basis save for the roof which is the responsibility of the landlord who reserves the right to recover a proportion of the costs of repair shared amongst the occupiers of the block. In addition, the landlord maintains the external common areas but reserves the right to charge a proportion of the costs to the tenants of the estate by way of service charge.RATING ASSESSMENTWe understand that the rating assessments on the premises as at 1 April 2010 is as follows, although we would advise that some of the assessments may have been the subject of appeals and any interested party should confirm the current position with the Local Authority. Description RV UBRWarehouse & Premises £9,200 48.4pLEGAL COSTSEither party to be responsible for their own legal costs save the to be responsible for providing an undertaking that should they withdraw before the matter is completed, they will be responsible for the landlords abortive legal costs incurred in the matter.RENTOffers in excess of £14,000 per annum for each unit or £27,500 per annum as a whole.EPCEnergy Performance Rating - E.VATAll rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis and where silent, offers will be deemed net of VAT.VIEWINGFor general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors on 0191 383 9999 and ask for Graham Hall or Joseph I’Anson.Joseph.ianson@bradleyhall.co.ukAGENTS NOTESYou may search our company website www.bradleyhall.co.uk for details of all our current instructions.In accordance with the Code of Leasing Business Premises: England and Wales the landlords are willing to consider alternative lease terms to those set out above but please bear in mind that variations may affect the level of rent proposed.

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Property reference 2826. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bradley Hall Chartered Surveyors, Newcastle upon Tyne - Commercial.

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