Office for sale in Newbottle Street, Houghton Le Spring DH4

Location
The town of Houghton le Spring is located approximately 7 miles northeast of Durham City and 8 miles southwest of Sunderland. The property is situated at the northern end of Newbottle Street at its junction with Station Road. Newbottle Street is the town’s main retail pitch where nearby retailers include B&M, Iceland, Lidl, Savers and Superdrug amongst others.

Description
The property comprises a modern detached 3 storey office building of steel framed construction with a pitched roof having been constructed and occupied by Gentoo in 2003 as a housing office. The building is arranged over 3 levels plus plant room with ladder access and a passenger lift to all floors and a surfaced car park to the rear for approximately 9 cars. The property is shown on the attached plan for identification purposes only.

Accommodation
The property briefly comprises as follows:-

ft2 m2
Ground Floor
Offices NIA 3685 342.34

First Floor

Offices NIA 4324 401.70

Lower Ground Floor
Overall NIA 1854 172.24

Total 9863 916.27

Externally
Car park to rear – 9 marked bays

Tenure
We are advised the property is Freehold under several separate freehold titles.

Asking Price
Offers in the region of £525,000 (five hundred and twenty-five thousand pounds).

Costs
Each party will be responsible for their own Legal Fees incurred in the transaction.

Viewing
Contact – Mario Jaconelli or Alexa Reavley
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• VAT
Figures quoted exclude VAT where chargeable.

Rateable Value (rv)
The Valuation Office has confirmed the current Rateable Value is £48,000. The Uniform Business Rate for the Rates Year 2023/2024 is 51.2p. If necessary, a written request should be made to the Local Authority for confirmation.

Money Laundering Regulations
In accordance with Anti –Money Laundering Regulations, the Purchaser/Tenant will be required to provide 2 forms of identification together with confirmation of the source of funding.

Disclaimer
None of the equipment or systems within the premises have been tested by the Agent and it is the responsibility of the Purchaser/Lessee to ensure that they are in working order.

Ref C4226 EPC Energy Rating 51/C