Description
The property comprises substantial, self-contained office premises formed of two adjoining, two-storey office buildings of brick construction beneath pitched slate roofs.
The buildings are internally connected to provide a larger, flexible floorplate. The ground floor is currently more cellular in layout, providing a combination of reception, meeting, office and staff/breakout accommodation together with WC facilities and ancillary space.
The first floor provides a substantial predominantly open-plan office area, with a platform lift providing access between ground and first floor levels in addition to the internal staircases. The accommodation could potentially be reconfigured and refurbished to meet the requirements of an incoming occupier.
The landlord has undertaken a programme of external refurbishment works, including new UPVC windows and doors together with upgraded external cladding, enhancing the overall appearance of the buildings.
Location
City West Business Park is situated on St. John’s Road, the main thoroughfare through Meadowfield Industrial Estate, a well-established and popular business location approximately 2.5 miles southwest of Durham City. The estate lies between Tyneside and Teesside, with Newcastle around 20 miles to the north and Middlesbrough 25 miles southeast.
Access to the wider region is excellent, with the A167 nearby and the A1(M) accessible via Junction 61. Public transport connections are also strong, with regular Arriva bus services (X46 and 49A) stopping at the entrance to St. John’s Road. Durham City offers mainline rail links across the UK.
Terms
The property is available To Let by way of a new effective full repairing and insuring lease for a term of years to be agreed, at an annual rent of £30,000 per annum exclusive.
Alternatively, our client will consider a sale on a new long leasehold basis at a price of £290,000. Further details are available on request.
Estate Charge
An estate service charge is payable to cover the maintenance and management of the common areas within the business park. This includes upkeep of estate roads, landscaping, lighting, and general site management. We understand the current charge is approximately £1.85 per sq ft per annum.
Business Rates
The Rateable Value and rates payable for the property are currently to be confirmed. Interested parties are advised to make their own enquiries with the Local Authority to establish the current assessment and rates payable.
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.
Legal Costs
Each party to be responsible for their own costs incurred in this transaction.
EPC
B (38)
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.
What3words
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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.
