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The Fram Well, Framwellgate Peth, Durham, DH1 5SX

£3,625,000

£301.25 per sq ft

Business rates & charges may apply

Naylors Gavin Black LLP, Newcastle Upon Tyne
SIZE AVAILABLE

12,033 sq ft

1,118 sq m

SECTOR

Land for sale

Key features

  • Modern, three-storey Grade A office building extending to 12,033 sqft with 21 car parking spaces
  • Completed in 2020
  • Freehold
  • EPC Rating B
  • Located in Durham City Centre, within a 5-minute walk of Durham Railway Station and short drive time to the major road networks
  • Zero Grade A office supply and constrained development pipeline in Durham city
  • Fully let to The Secretary of State for Housing, Communities and Local Government
  • Full repairing and insuring lease (FRI) until 1 April 2032 (6.5 years unexpired) at a passing rent of £264,991 pa exclusive
  • Three yearly rent reviews to RPI (1% and 3% collar and cap). Next review on 2 April 2026

Description

Location

The historic cathedral city of Durham is situated on the peninsula formed by the River Wear, approximately 15 miles south of Newcastle upon Tyne and within easy reach of the A1(M).

The Fram Well enjoys a rare central Durham location with visibility and direct access to the heart of the city.

Durham is one of the UK's most celebrated cathedral cities - a place where medieval heritage and academic excellence meet vibrant modern life. At its heart is Durham University, consistently ranked among the world's top institutions, which contributes to a dynamic local economy.

Durham boasts excellent road links, with its position at the centre of the North East's transport network. The A1(M) is within a 6 minute drive time, providing fast access north and south.

Durham's mainline railway station is just a 5-minute walk from the property, offering direct high-speed connections to major cities including London King's Cross, Edinburgh Waverley and Newcastle Central.

Description

The Fram Well was designed by award winning architects, Mawson Kerr, and was completed in 2020. The property enjoys an elevated position with views of Durham city centre, Durham Castle and Cathedral. The exterior of the building boasts a spectacular part glazed, post composite clad façade offering floor to ceiling glazed panels to each floor, flooding the office space with natural light.

- Air conditioning
- Floor to ceiling height of 2.7m throughout
- LG2 compliant LED lighting with PIA control
- 100mm full access raised floor
- 1 x 8-person passenger lift
- Male, female and accessible toilets on all floors
- 21 car parking spaces
- Flexible floor plates which would permit future multi-occupation

Tenure Comments

Freehold.

Brochures

The Fram Well, Framwellgate Peth, Durham, DH1 5SX

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Durham Station0.1 miles

About Naylors Gavin Black LLP, Newcastle Upon Tyne

One Strawberry Lane Newcastle Upon Tyne NE1 4BX

As commercial property specialists for the North East, Naylors have their head office in the heart of Newcastle. The firm was founded twenty years ago by Bill Naylor, managing director, and has retained its independence, growing to become one of the most respected practices in the area.

This is reflected in Naylors being invited to represent the North East through membership of PAI, a prestigious organisation of like-minded professionals covering most of the Uk.

Today, Naylors handle a wide range of commercial and industrial properties in an area that stretches from Yorkshire to Northumberland and beyond. Our client list includes every kind of organisation from public bodies and national chains to local SME companies.

It is the quality of our people that makes the difference. Fully qualified professionals with a commitment to their clients’ interest and the in-depth knowledge to provide a tailor-made service.

Notes

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