Industrial to let in Unit 8, Merrington Lane Industrial Estate, Spennymoor DL16

Location

The premises are located approximately 1-mile south of Spennymoor Town Centre on the established Merrington Lane Industrial Estate.

Access is off the A688 which in turn provides excellent access to Junction 61 of the A1M. Durham City is approximately 6 miles to the north and Darlington 16 miles to the south.

Surrounding businesses include Thorn Lighting, ds Smith and Stiller Warehousing & Distribution Ltd.

Description

The premises comprise a mid-terrace industrial unit of steel portal frame construction with brick and blockwork walls with profile cladding above and concrete floors throughout. We understand that 3phase electricity serves the whole estate and that the property is connected to all mains services.

A large level access roller shutter door (3.8m x 5.2m) allows access from extensive external circulation areas. Minimum height to eaves of 5.1m, rising to 6.0m at the apex.

Floor area

Approximate gia - 1,646.80 sq m (17,726 sq ft)

Terms

The property is available by way of a new efri lease, for a term of years to be agreed. Rent from only £52,290 pax (£2.95 per sq ft).

The Landlord is willing to refurbish the property, prior to a new tenant taking occupation, subject to agreeing appropriate lease terms and rent.

Energy performance

Awaiting EPC.

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.

Rating assessment

We understand that the premises have a rateable value of £18,250 and £18,500 effective from 01st April 2023 however, it is recommended that any interested party confirm the accuracy of this information and the rates payable with the Local Authority.

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

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