Office to let in Pelaw Leazes Lane, Durham DH1

Location

The subject property is located on Pelaw Leazes Ln in Durham City, just off the A690, which provides easy access to the A1(M) and A19. The property is also situated a short walk away from one of the main bus stops in the City Centre and a 15-minute walk from Durham Train Station.

Description

The subject property comprises of a two-storey office building with slate pitched roof. The space available is found on the ground floor of the building and includes two office areas, a meeting room, storage cupboard and kitchen. There are also shared w/c facilities on the ground floor and one/two car parking spaces.

Accommodation

Office 1 54.12 m² (583 ft²)
Office 2 31.61 m² (340 ft²)
Meeting Room 16.39 m² (176 ft²)
Storage 4.91 m² (53 ft²)
Kitchen 4.97 m² (54 ft²)
Total 112.00 m² (1,206 ft²)

EPC rating

D87

Rating assessment

The rateable value of the premises as at 1 April 2023 is £27,750 and the estimated rates payable for the current year is £13,847.25. This is based on the standard uniform business rates multiplier of 49.9p in the pound. The property is eligible for full business rates relief, subject to certain criteria. Interested parties should confirm the current position with the Local Authority.

Terms

The office premises is available to let for £17,500 (Seventeen Thousand Five Hundred pounds) per annum on a new Full Repairing and Insuring lease for a term of years to be agreed.

There is a service charge of £6.50psf, which is inclusive of gas, electric, water, cleaning and broadband.

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.

Anti-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.