Office to let in Priory Road, Durham DH1

Location

The property is located off Old Pit Lane, the main thoroughfare within the village of Framwellgate Moor. The area comprises of a mix of residential and commercial use properties.

Situated just north of Durham City Centre, Framwellgate is also in close proximity to the Arnison Shopping Centre and is in close proximity to the A167 & A691, linking the property to the region’s primary motorways, the A690 & A1.

Description

The property comprises of a single-storey, former veterinary clinic, and benefits from on site parking. The property is situated in a mixed-use area, and is adjoined with Busy Bees Nursery and would be suitable for a variety of commercial uses under Class E.

Accommodation

Total area - 181.53 sq m (1,953.97 sq ft)

Rating assessment

Description rv Estimated Rates Payable

Shop and Premises £25,750 £12,849.25

We are advised that the rateable value of the premises as at 1 April 2017 is £12,000 and we have estimated the actual 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

EPC Rating - D

Terms

The property is available by way of a new lease with terms to be agreed at £26,500 (Twenty-Six Thousand Five Hundred 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.