Office for sale in South Church Enterprise Park, Bishop Auckland DL14

Location

Hutton Close is located on South Church Enterprise Park to the south east of Bishop Auckland town centre. The estate benefits from immediate access to the A688, which is the principal access road to Bishop Auckland from the A1(M), linking with Spennymoor to the north and Barnard Castle to the South.

The built stock at South Church Enterprise Park is predominantly industrial in nature, with nearby occupiers including Teescraft, Cello Electronics, South Durham Enterprise Agency and James Burrell.

What3words - ///urgent.spoke.memory

Description

Hutton Close comprises self-contained estate of six units across three single-storey pavilion-style offices, arranged around a central block-paved parking area with associated landscaping.

The buildings are of steel frame construction with facing brickwork external envelope and aluminium curtain-walling fenestration, surmounted by pitched and hipped roofs with tile coverings. Internally, the units are split into six suites arranged over solid concrete floors, with painted plaster walls and suspended ceilings.

Accommodation

Unit 3 - 139.35 sq m (1,500 sq ft)
Unit 4 - 278.70 sq m (3,000 sq ft)
Total - 418.05 sq m (4,500 sq ft)

*Unit 4 could be sub-divided to create smaller units

Terms

The Units are available by way of new efri leases for a term of years to be agreed at the following Rents:

Unit 3 - £12,750 pax
Unit 4 - £25,500 pax
Combined - £38,250 pax

Alternatively, our client will consider a sale of the units on a Long Leasehold basis and we are instructed to seek offers in the region of £150,000 (Unit 3) and £300,000 (Unit 4). Further details available on request.

Business rates

Unit 3
Rateable Value: £7,700 (Estimated Rates Payable: £0)

Unit 4
Rateable Value: £14,750 (Estimated Rates Payable: £6,747)

Our estimates are calculated by applying the Business Rate Multiplier to the rv and adjusting for Small Business Rate Relief. Not all properties or 'small businesses' qualify for relief. It is important that interested parties confirm the accuracy of this information and the actual rates payable with the Local Authority.

Energy performance

EPC Rating C 74.

VAT

All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Graham S Hall upon this basis and where silent, offers will be deemed net of VAT.

Legal costs

Each party to be responsible for their own costs incurred in this transaction.

Anti-money laundering regulations

In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the purchaser / tenant.

Viewing & further information

For general enquiries and viewing arrangements please contact Sole Agents Graham S Hall Chartered Surveyors.