Abbey Road Industrial Estate, Durham, County Durham, United Kingdom

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£29,000

Abbey Road Industrial Estate
Durham, County Durham, United Kingdom

Listed By: Listanza Services Group

Listed On: 01/10/2023

Listing ID: GL6607072 View More Details

Description

SituationThe City of Durham is approximately 18 miles South of Newcastle upon Tyne, 15 miles South West of Sunderland and 20 miles North of Teesside with Darlington approximately 20 miles to the South.The subject property is located close to the Arnison Shopping Park approximately 2 miles north of Durham City Centre. Arnison is Durham's largest retail warehouse destination with over 330,000 sq ft in 20 units with over 1,400 free car parking spaces.Arnison Shopping Park is anchored by an 89,000 sq ft Sainsburys Superstore and 60,000 sq ft Marks and Spencer store. Other retailers include: Next, Nike, Boots, Lakeland, Superdrug and Wilko together with food and beverage operators such as McDonalds, kfc, Greggs and Costa Coffee.The subject property occupies a prominent position within Block B of Abbey Road Retail and Trade Park, which is accessed off Abbey Road. Occupiers within the Estate include: Halfords, Plumb Center, Evans Cycles, Andrew Page and Pulman Volkswagen to name a few.DescriptionThe property is of brick and block cavity wall construction up to a height of approximately 2 metres with insulated cladding panels above and to the roof with an approximate height to eaves of 4.3m.Internally the property benefits from fluorescent strip lighting, 3 Phase electricity and mains water to a ground floor WC. The unit will have a clear floor space following removal of the previous tenant's partition walls.Externally there is a plate glass entrance door, rear personnel/emergency exit and an electronically operated roller shutter door.AccommodationGround Floor - 359.72 sq m (3,872 sq ft)TermsThe property is available by way of a new efri lease for a term of years to be agreed at an annual rental of £29,000.A secure, hard standing yard of approximately 0.14 acres is also available by separate negotiation.Energy performanceAwaiting EPC.Legal costsEach party to be responsible for their own costs incurred in this transaction.VATAll 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.Rating assessmentWe understand that the premises have a rateable value of £18,250 effective from 1st April 2017. It is recommended that any interested party confirm the accuracy of this information and the rates payable with the Local Authority. As a new occupier, rights of appeal may exist against the assessment.Anti-money laundering regulationsIn accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the purchaser / tenant.ViewingFor general enquiries and viewing arrangements please contact sole agents Graham S Hall Chartered Surveyors. For more details and to contact: