Property description

SITUATION
The subject property is situated within the popular Morrison Busty Industrial Estate within the County Durham Village of Annfield Plain, located between Stanley to the east and Consett to the west. The estate is accessed directly from the A693 which links with the A1(M) at Junction 63 to the east. Annfield Plain is approximately 12miles south west of Newcastle upon Tyne and 9miles north west of Durham.

DESCRIPTION
The subject property comprises of a modern industrial warehouse/workshop unit with two storey office accommodation and external compound areas, situated within a self contained site. The warehouse is of steel portal frame construction with cavity brick and block infill to the lower elevations, insulated profile metal cladding above, surmounted by a pitched insulted metal cladding roof with an apex height of 7.1m incorporating translucent roof lights. There are three up and over roller shutter doors and gas fired heating to the warehouse. The ground and first floor office accommodation comprises of sales/reception area, offices, boardroom, canteen and WC facilities. 
  
ACCOMMODATION
The property comprises of the following approximate gross internal areas: 

Workshop & Store668.00 sq m   (7,405.00 sq ft)
GF & FF Offices322.00 sq m   (3,460.00 sq ft)

Overall Workshop & Parking        0.16 Ha ( 0.40 Acres)
Overall Site Incl. Compounds       0.67 Ha ( 1.90 Acres)

RENTAL INCOME
We are advised that the compounds are producing an annual income of £36,000. Each caravan space is let subject to a 12month license at £300 per annum. 

TERMS
Price available on application for the benefit of our clients Freehold interest.

RATING ASSESSMENT
Description         RV    Estimated Rates Payable
Workshop, Office &         £30,500            £14,365
Premises

We are advised that the rateable value of the premises as at 1 April
2010 is £30,500 and we have estimated the accrual rates payable for
the current year above. This is based on the standard Small Business
Rate of 47.1p in the pound. However, interested parties should confirm the current position with the Local Authority.

LEGAL COSTS
Each party to bear their own legal costs involved in the transaction.

EPC
EPC rating D94.

VAT
All rents, premiums and purchase prices quoted herein are exclusive of vat.  All offers are to be made to Bradley Hall upon this basis and where silent, offers will be deemed net of vat.

VIEWING
For general enquiries and viewing arrangements please contact Richard Rafique at sole agents Bradley Hall Chartered Surveyors: 

Tel:      0191 232 8080
Email: richard.rafique@bradleyhall.co.uk

Property Features :

• Self Contained Warehouse With Two Storey Offices
• Approximate Gross Internal Area of 1,009 sq m (10,865 sq ft)
• Separate Compound Areas Secured by Steel Palisade Fencing
• Overall Site Area Approximately 0.77 Ha (1.90Ac)
• Currently Producing an Income in Part of £36,000 Per Annum for Caravan Storage