Armstrong House, Abbeywoods Business Park, Pity Me, Durham, DH1 5GH

Description
The premises comprise of a self-contained, purpose built, two-storey office building of attractive brick construction under a slate pitched roof.

The property benefits from 19 allocated parking spaces and well-maintained landscaping.

Internally, the office space is a combination of cellular and open-plan layouts, featuring painted and plastered walls, suspended ceilings, recessed lighting, gas central heating, and WC facilities. Additional storage is understood to be available in the roof space, though this area has not been inspected or included in the stated floor areas.

Location
Durham lies approximately 19 miles south of Newcastle and 13 miles south-west of Sunderland, serving as the county town and primary commercial hub for the County Durham district.

Armstrong House is located on the western edge of Pity Me, about a quarter of a mile from the A167 and roughly 2.5 miles north of Durham city centre.

The property enjoys proximity to Arnison Retail Park, home to several national retailers including M&S, Next, Nike Factory Store, Smyths Toys, Boots, and a Sainsbury's Superstore. Food and beverage outlets on the site include McDonald's, Greggs, Costa Coffee, Subway, and KFC.

Additionally, the newly developed North Durham Retail Park is just a 2-minute walk from the property, with occupiers such as Starbucks, Aldi, Home Bargains, and The Food Warehouse.

Terms
The property is available by way of a new FRI lease for a term of years to be agreed, at a rent of £65,000 per annum exclusive.

Business Rates
Rateable Value (Effective 1st April 2023) : £46,750
Estimated Rates Payable (24/25) : £23,328.25

Our estimates are calculated by multiplying the RV by the appropriate Business Rate Multiplier. 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.