Light industrial to let in Darlington Road, Neville's Cross DH1

Location

The subject property is located on Darlington Road in Nevilles Cross, Durham. Darlington Road links with A167 and A690 just outside of Durham city centre.

The property is situated within a popular residential location with a number of local housing estates within close proximity as well as having a number of local businesses within close proximity, these include: Enterprise Rent-a-Car, Antico Ristorante Italiano and Curlz.

The property benefits from having bus stops 200ft away and Durham train station is less than 1 mile to the north east.

Description

The subject property comprises of a stand alone, brick built retail/light industrial unit with a ground floor showroom and a Mezzanine that expands across the entire property, which has previously been used as storage space. There is also a W/C on the ground floor and electric roller shutters at the front entrance.

To the rear of the property there is a yard that can be used as additional parking/storage for the property.

Accommodation

We calculate the approximate net/gross internal floor areas to be as follows:

Ground Floor 211.00m² 2,271ft²
Mezzanine 200.60m² 2,159ft²
Total 411.60m² 4,430ft²

Yard 681.35m² 7,334ft²

EPC rating

C61

Rating assessment

The rateable value of the premises as at 1 April 2023 is £12,750 and the estimated rates payable for the current year is £6,362.25. This is based on the standard Small Business Rate of 49.9p in the pound, however, interested parties should confirm the current position with the Local Authority.

Terms

The property is available by way of a new lease with terms to be agreed at a rent of £45,000 (Forty-Five Thousand Pounds) per annum.

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.

Legal costs

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

Anti-money laundering regulations

In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.