Acorn House - Investment, Durham Way North, Newton Aycliffe DL5 6DX

Acorn House is located on Durham Way North close to the junction with St Cuthberts Way, within Aycliffe Business Park, approximately 650m from the A167.

Aycliffe Business Park is an established business park with
exceptional transport links. Junction 56 of the A1(M) is only
4 minutes away and the A6702 can be reached in 5 minutes.
Aycliffe Business Park is home to over 250 businesses
including, BTS Fabrications, Flexspace, Gestamp Tallent,
INEOS and S&A Aycliffe.

The property occupies a prominent roadside location fronting Durham Way North on Aycliffe Business Park. The site accommodates a substantial brick built former office building over 3 floors (Acorn House) which provides versatile open plan accommodation lending itself to a range of fitness, wellbeing, office, studio and storage uses. The building benefits from recently redecorated common parts. Additionally, the main flat roof was recently overlaid and a transferable warranty can be provided.

To the rear is a courtyard comprising 3 parades of single-story industrial workshop buildings of brick construction and pitched roofs. Originally constructed as 7 units it is presently let to 3 tenants, including one unit let as a restaurant. The pitched roof of Workshop 1-5 was overlaid in 2022 and a transferable warranty can be provided.

PROPOSAL
We are instructed to seek offers over £675,000 (subject to contract and exclusive of VAT). A purchase at this level reflects a Net Initial Yield of 10.09% (allowing for purchaser’s costs at 5.14%) and a capital rate of £28.13 psf.


Accommodation:
Workshops: 14,770.00 sqft
Office / Studios: 9,219.00 sqft
Total: 23,989.00 sqft