Office to let in Durham Road, Durham DH1

Location

The subject property is situated on Durham Road, Aykley Vale, within Durham City Centre. The A690 is located 1.1 miles from the premises, providing quick access to the A1(M). The premises also benefits from great transport links with bus stops located opposite and Durham Train station only a 26-minute walk.

Description

The subject property comprises of a brick-built, three storey office building. The vacant offices can be accessed via the rear door, located within the car park. There are five offices available in total, with three offices located on the first floor and two on the second. Each floor has its own kitchenette and W/C.

Accommodation

We calculate the approximate net/gross internal floor areas to be as follows:

First Floor
Office 1 45.18m² 486ft²
Office 2 7.96m² 86ft²
Office 3 10.72m² 115ft²
Second Floor
Office 4 7.48m² 81ft²
Office 5 19.03m² 205ft²
Total 90.37m² 973ft²

EPC rating

To be assessed.

Rating assessment

The rateable value of the premises as at 1 April 2023 is £9,200 and the estimated rates payable for the current year is £4,590.80. 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.

Terms

The property is available by way of a new lease with terms to be agreed at £12,500 (Twelve 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.

Anti-money laundering regulations

In accordance with the Anti-Money Laundering Regulations we are required to verify the identify of the Purchaser/Tenant. We will do so based on name and address data provided but we may also require you to provide two forms of identification. We will require the Purchaser/Tenant to provide proof of the source of income.