Office to let in St. Johns Road, Durham DH7

Location

The subject property is located in West Business Park, St Johns Road, Meadowfield Industrial Estate. The industrial estate is located on the A690, which passes through Durham City in the North and provides a connection to the A1(M), which is a 15-minute drive away.

Description

The subject property comprises a two-storey brick-built office block, which is situated in a prominent industrial estate. There are six rooms spread across both floors, with both floors including a kitchenette and two W/c’s located on the ground floor. Four parking spaces are included with the office but there is scope to obtain more. Suites 1 and 2 contain air conditioning units and the property benefits from a lift.

All suites available are located on the first floor.

Accommodation

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

Suite 1 36.89 m² 379 ft²
Suite 2 48.90 m² 526 ft²
Suite 3 16.49 m² 178 ft²
Total 102.28 m² 1101 ft²

EPC rating

C70

Terms

The property is available by way of a new lease with terms to be agreed at £9,500 (Nine Thousand Five Hundred Pounds) per annum.

Individual suites are also available separately on the below terms:

Suite 1 - £3,500 per annum

Suite 2 - £4,500 per annum

Suite 3 - £1,500 per annum

Rating assessment

The rateable value of the premises as at 1 April 2023 is £8,600 and the estimated rates payable for the current year is £4,291.40. 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. Individual suites to be assessed.

Legal costs

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

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.

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.