Light industrial to let in Coulson Street, Spennymoor DL16

Location

The subject property is located within Spennymoor, around a 10-minute drive from the A1(M), which provides access to Durham and Newcastle in the North and Darlington in the South.

Description

The property is of steel frame construction with two electric shutters, so the unit can be split into two, which allows for dual occupation. There is yard space to the front and side of the property that can be used for parking or extra storage, dependant on the tenants needs.

Accommodation

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

Total 186.21 m² 2005 ft²

EPC rating

To be assessed.

Rating assessment

The rateable value of the premises as at 1 April 2023 is £9,000 and the estimated rates payable for the current year is £4,491 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. The property is eligible for full business rates relief, subject to certain criteria.

Terms

The property is available by way of a new lease with terms to be agreed at £18,000 (Eighteen 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.

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.