Office for sale

Redmond House, Fern Court, Bracken Hill Business Park, Peterlee

Offers in Excess of £1,350,000
33,826 sq. ft.

Property Description

Commercial information

  • 33,826 sq ft (3,142 sq m)

Key features

  • 33,826 sq ft of well located out of town, modern, flexible office accommodation
  • 105 car parking spaces (1 per 322 sq ft)
  • Good connections to the A19 leading to the national motorway network
  • Current passing rent of 151,000 per annum
  • Let to Redde Northgate trading as Auxillis, who have a D&B rating of 5A1
  • Extremely low capital value per sq ft and an attractive net initial yield 10.55%

Full description

Tenure: Freehold

Redmond House comprises a modern detached office building constructed in 1998, the property forms part of the wider Bracken Hill Business Park. The offices are arranged over the ground floor and first floor, with three wings spanning from a central business lounge, offering flexible accommodation.

The offices extend to a total of approximately 36,340 sq ft. The internal specification includes:
- 8 person passenger lift
- Central heating
- 2.7m floor to ceiling height
- Cat II lighting
- Raised flooring
- Toilets to each floor
- Shower facilities

Externally, there is the benefit of approximately 105 car parking spaces which equates to a ratio of 1:322 sq ft.

Redmond House forms part of Bracken Hill Business Park, which is a 36 acre well-established out of town office location 1 mile west of Peterlee and comprises a mix of large and small office buildings over 2 floors. Occupiers include HP, Capita, HMRC, the NHS and Profound Services. The property is accessed approximately 1 mile from the Peterlee junction of the A19, which runs adjacent to the site.


More information from this agent

Nearest station

  • Horden (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Savills , Leeds

3 Wellington Place, Leeds, LS1 4AP

0113 451 3057 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Horden (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Savills , Leeds

3 Wellington Place, Leeds, LS1 4AP

0113 451 3057 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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