Property description

SITUATION

The property is situated on Abbeywoods Business Park in Pity Me, County Durham. The business park lies just 2.5 miles away from Durham City Centre and Durham Railway Station.

Surrounding occupiers include Community Integrated Care, Three Rivers Housing association and Durham County Council.

DESCRIPTION

Self-contained ground and first floor office accommodation of brick construction under a pitched and tiled roof. The subject property benefits from private entrance, with ground floor and first floor WC & kitchen facilities as well as designated car parking to front of the property. The office unit has hardwood double-glazed windows with internal security bars, suspended ceiling, carpeted floors and gas central heating with wall-mounted radiators.

ACCOMMODATION

The property briefly comprises;

Ground Floor        141.32m2 (1,521sqft)

First Floor              116.42m2 (1,253sqft)

Total                       257.74m2 (2,774sqft)

ASKING PRICE

Our client is seeking offers in the region of £225,000 for the benefit of their long leasehold interest.

RATING ASSESSMENT

We are advised that the rating assessment on the premises as at 1 April 2010 is as follows, although any interested party should confirm the current position with the Local Authority.

Description                         RV                       UBR

Office & Premises GF          £19,500               £0.482

Office & Premises FF          £15,250               £0.471

LEGAL COSTS

Each party is to bear their own legal costs incurred with the transaction.

VIEWING

For general enquiries and viewing arrangements please contact sole agents Bradley Hall Chartered Surveyors.

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 to be net of VAT.

AGENTS NOTES

You may search our company website www.bradleyhall.co.uk for details of all our current instructions.

In accordance with the Code of Leasing Business Premises: England and Wales the landlords are willing to consider alternative lease terms to those set out above but please bear in mind that variations may affect the level of rent proposed.

A copy of the Code of Leasing Business Premises: England and Wales can be obtained at www.leasingbusinesspremises.co.uk or obtained from the Royal Institution of Chartered Surveyors, Telephone 0207 334 3806.

Property Features :

• Approximately 2.5 Miles From Durham City Centre
• Close To Arnison Centre Retail Park
• Ground Floor 141.32 m2 (1,521 sqft) First Floor 116.42 m2 (1,253) sqft)
• Designated Car Parking
• Would Suit Sub Division