Office to let in Crossgate Centre, Durham DH1

Location

The city of Durham lies approximately 18 miles to the south of Newcastle Upon Tyne, 15 miles west of Sunderland and approximately 20 miles from Teesside and Darlington. The property is situated in the quaint area of Crossgate, a busy thoroughfare connecting the public transport links to the city centre.

The mainline railway station lies approximately ¼ of a mile from the subject property at the top of North Road allowing easy access north and south by the main East Coast intercity railway network.

Description

Crossgate House comprises an office building set over two floors, with the benefit of parking to the front of the property which may be available. 2 parking spaces will be provided with the office suites.

Internally the unit benefits from, secure door entry system, lift, carpeted floor, high suspended ceilings, perimeter trunking and is in a Fibre Broadband location.

Accommodation

First Floor Office 185.53m² 1,997 ft²

Rating assessment

Description rv Estimated Rates Payable
Shop and Premises £12,250 £6,112.75

We are advised that the rateable value of the premises as at 1 April 2017 is £4,856 and we have estimated the accrual rates payable for the current year above. 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.

EPC rating

E119

Terms

Our client is seeking rental offers of £27,000 per annum on a new efri lease for a term of years to be agreed. Service charge and insurance billed separately. Details available on request.

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT.

Legal costs

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

Money laundering regulations

In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.