7-10, Innovation Court, Meadowfield Industrial Estate, Durham, DH7 8FA

Description
The development comprises four newly constructed light industrial / warehouse units arranged in two semi-detached blocks, each extending to approximately 2,153 sq ft. Units within each block can be combined to provide larger accommodation of approximately 4,306 sq ft if required.

The units are of steel portal frame construction with insulated cladding and translucent roof panels, providing excellent natural light. Internally the accommodation offers clear-span warehouse space with an eaves height of approximately 5.6m rising to around 7.2m at the apex, suitable for a range of industrial, storage and distribution uses.

Access is provided via a large insulated sectional loading door measuring approximately 4.6m wide by 4.8m high, together with a separate pedestrian entrance door. Externally the development benefits from generous circulation space and on-site parking.

Location
Meadowfield Industrial Estate is a well-established and popular business location situated approximately 2.5 miles south-west of Durham City Centre. The estate benefits from excellent road connectivity, with the A690 providing direct access to Durham, while the A167 and A1(M) (Junction 61) offer efficient routes throughout the wider North East.

The units are accessed via Edwardson Road, which connects directly to St John’s Road, the principal access route through the estate.

Meadowfield is home to a wide range of established occupiers including Durham County Council, St John Ambulance Service, The Banks Group, City Electrical Factors (CEF), Yesss Electrical, Apex Cables and Glass Assist UK, creating a strong and established commercial environment.

Terms
The units are available by way of new FRI leases for a term of years to be agreed at an asking rent of £18,000 per annum exclusive per unit.

Business Rates
The units will require separate assessment by the Local Authority upon completion.

Based on comparable units within the first phase of the development, the Rateable Value is expected to be approximately £15,600 per unit, equating to estimated rates payable of £7,784.40 per annum.

Interested parties should confirm the exact rates payable with the Local Authority.

EPC
To be assessed on completion. Estimated B rating.

VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Graham S Hall upon 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.

About Us
Established in April 2017, Graham S Hall Chartered Surveyors are a highly regarded independent firm of Chartered Surveyors and commercial property agents based in Durham.

We are passionate about property and getting the best results for our clients. We pride ourselves on hard work and giving good honest advice, irrespective of the fee and even when it might not be what the client wants to hear.

While our focus is primarily on sales, lettings and acquisition of retail, office, industrial and investment, we also offer extensive experience in asset management, development and lease advisory, such as lease renewal and rent review.

Our main core areas of work include:

Leasing and letting
Sale and purchase
Investment sale and purchase
Lease renewal and rent review
Asset management
Development
Consultancy
Expert witness

However big or small, we are ready to help. Talk to us today.