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.

Accommodation

Ground floor – 75.34m2 (811 ft2)
First Floor – 70.09m2 (754 ft2)
Total – 145.43m2 (1,565 ft2)

Rating assessment

Description rv Estimated Rates Payable
Offices and premises £5,900 £2,944.10

We are advised that the rateable value of the premises as at 1 April 2017 is £5,900 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

C74

Terms

The property is available by way of a new lease with terms to be agreed at £13,000 (Thirteen 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.

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.