Units A & B, Tees House, Mandale Park, Belmont Industrial Estate, Durham, DH1 1TH

Description
Tees House comprises a block of industrial units of steel portal frame construction, with brick and block elevations, and a composite cladding external envelope.

Access is gained either through the double-glazed aluminium personnel entrances to the front or, for loading purposes, via the electric roller shutter doors at the rear.

Units A & B are currently arranged as two separate units, and could be re-let as such, or combined to provide a double unit of approximately 620.94 sq m (6,684 sq ft) Each unit benefits from: Solid concrete floors An amenity block with WC and kitchen facilities LED lighting throughout Double glazed windows at first floor level An eaves height of c. 7m 3-phase power Enclosed yard to the rear Car parking to the front 24 hour CCTV

Location
Belmont Industrial Estate and boasts an excellent location less than one mile from Junction 62 of the A1(M) via the A690. The estate is conveniently positioned 15 miles south of Newcastle upon Tyne and 9 miles southwest of Sunderland. Additionally, a 'Park & Ride' car park is available nearby on the A690.

The estate is strategically placed for easy access to the region's major airports in Newcastle and Durham Tees Valley, as well as the east coast's rail line station at Durham, which provides regular services to London Kings Cross.

Surrounding occupiers include Vertu Motors (BMW/Mini), Pulman Skoda, DPD, Howdens, Rexel, SAS Autoparts, Durham University, Clive Owen LLP, and the Durham & Darlington Fire Service (HQ).

Terms
Available by way of new effectively full repairing and insuring leases at a Rent of £8.00 psf per annum exclusive, with 5 yearly upward only rent reviews.

Business Rates
Unit A
Rateable Value (Effective 1st April 2023): £16,750
Estimated Rates Payable: £8,358.25

Unit B
Rateable Value (Effective 1st April 2023): £16,750
Estimated Rates Payable: £8,358.25

Our estimates are calculated by applying the appropriate Business Rate Multiplier to the RV. Interested parties should confirm the accuracy of this information and the actual rates payable to the Local Authority.

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to us on this basis and where silent, offers will be deemed net of VAT.

Anti-Money Laundering Regulations
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the purchaser / tenant.