Two-Storey Self Contained Office Building

Key Features

• Well located on an established business park just 2.5 miles from Durham City Centre
• Dedicated on-site parking with excellent access to the A167 and A1(M)
• Comprehensive internal and external landlord refurbishment available for lettings
• Perfect for SMEs or established regional and national operators seeking a strategic North East presence
• Potentially suitable for alternative uses (subject to the necessary consents)
• Excellent opportunity for local business owners to acquire their own premises

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.

Description

The property comprises a modern, self-contained, two-storey office building of brick construction with timber-framed double-glazed windows under a pitched slate roof.

The layout provides open-plan office accommodation on both floors, together with integrated kitchen and WC facilities. The Ground Floor is suitable for reception, open-plan use or a meeting room setup, while the First Floor offers additional office space with potential for private rooms or directors’ offices.

The property is available for sale in its current condition or fully refurbished prior to letting. The outline specification includes:

- New UPVC external cladding to elevations and main entrance
- Replacement UPVC windows and new entrance doors
- LED lighting throughout
- Wall-mounted electric heaters
- New flooring throughout
- Full internal redecoration
- Refurbished kitchen and WC facilities

Available area

Terms

The property is available To Let following refurbishment, by way of a new EFRI lease for a term of years to be agreed, at an annual rent of £30,000 pax.

Alternatively, our client will consider a sale of the property on a new Long Leasehold basis at a price of £199,000. The property is being sold ‘as seen’ and has been priced to reflect its current condition and the likely scope of works required. Further details are available on request.

Business Rates

The property is currently assessed under two separate entries in the Rating List, which together total a Rateable Value of £32,800, making approximately £16,367 payable. Interested parties should confirm the precise details directly with the Local Authority.

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.

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: 39

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.