Foxcover Business Park, Unit 4 Admiralty Way, Seaham SR7 7DN

Foxcover Distribution Park is situated to the south of Seaham, 1.5 miles to the east of the A19 which is accessed via the A182. The business park is approximately 12 miles east of Durham, 20 miles south east of Newcastle upon Tyne and 25 miles north of Middlesbrough and is thus very well situated to serve the region as a whole.

Foxcover Distribution Park boasts a number of well known
logistics and industrial occupiers of scale including Panther
Logistics, Lineage Logistics and Biffa.

Unit 4 is a modern detached steel portal frame unit built in 2007 which benefits from the following specification and features:

• High quality ground floor office accommodation
• Aluminium framed double glazing
• Staff amenities including WCs
• Suspended ceilings with inset lighting
• Raised access floor
• Dedicated staff car park

• Insulated steel sheet cladding and roof
• Open plan warehousing/manufacturing space
• Clear Internal Height: 10 m
• Floor loading capacity: 50 KN/m2
• 2 no. dock level loading doors (and scope for 2 in addition if
required)
• 1 no. ground level door
• High bay LED lighting
• Service yard to front

RATING
According to the Valuation Office Agency website the property has Rateable Value of £127,000 effective 1st April 2023. Adopting the current Standard Multiplier of 51.2 pence, the estimated business rates payable is £65,000.

ENERGY PERFORMANCE
The property has an Energy Performance Asset Rating of C52.

TERMS
The unit is offered to let by way of a new full repairing and insuring lease for a term of years to be agreed at a rent of £245,000 pa.

Accommodation:
Warehouse: 36,085.00 sqft
Offices: 2,208.00 sqft
Total: 38,293.00 sqft