Long leasehold office building 4,020.50 sq m (43,276 sq ft). Vacant possession (plus £9,600 per annum from car parking)
** Unsold, the last bid was £295,000 and is available at £300,000 **
Addendum The main photo in the printed catalogue shows the wrong building. The correct building is displayed on the website and should be referred to. Applications to remove the property from the ratings list have been submitted under reference numbers CHK-1ZDOM12 & CHK-1ZDOM1H.
Long leasehold office building 4,020.50 sq m (43,276 sq ft) Planning permission for conversion to warehousing Vacant possession (plus £9,600 per annum from car parking)
Details LOCATION Summary: The building lies within an established business park about 1 mile west of Peterlee Miles: Durham 9 miles, Newcastle upon Tyne 18 miles Roads: A19, A18, A1(M) Air: Durham Tees Valley Airport Nearby Occupiers: Capita, NHS, HMRC
DESCRIPTION A detached modern office building providing about 4,020.50 sq m (43,276 sq ft) of office accommodation arranged over ground and first floors. The building sits on a site of about 0.78 hectares (1.92 acres) and externally provides parking for about 157 cars. The building has planning permission for conversion to four warehousing/storage units (see "Planning").
TENURE Long leasehold for a term of 175 years less 3 days from 03/08/1999 at a peppercorn rent
PLANNING Durham County Council (0300 026 2830) www.durham.gov.uk. Planning permission was granted on 19/04/2018 for a change of use to storage (Use Class B8) - planning ref: DM/18/00437/FPA. A proposed scheme to provide four warehouse units has been drawn up and further details are available within the legal pack.
VAT Refer to the legal documentation
ENERGY PERFORMANCE CERTIFICATE See website
Floor Use SQ M SQ FT Tenant Lease Terms Rent £ PA TOTAL 4,020.50 43,276 £9,600 Ground First Offices Offices 2,040.25 1,980.25 21,962 21,316 Vacant Ground Car parking 84 parking spaces Edit Auxillis Services Ltd License until 13/03/2020 £9,600 (1) Rooftop Solar panels Symbio Energy LLP 25 years from 28/03/2014 Peppercorn(1) The car parking license has a rolling one month's break clause
INVESTOR / DEVELOPMENT OPPORTUNITY. THREE LIGHT INDUSTRIAL WORKSHOPS
*UNSOLD, PLEASE REFER TO AUCTIONEER*
This fabulous tenanted investment opportunity has potential for residential development if proposed planning submitted. Situated in close proximity to Stockton Town Centre and just off Yarm Road are these light industrial workshop units with an annual income of £8,600 per annum. Long term tenants occupy units A and B with a floor space of 215.3 sq m. Unit C is currently let until the end of March with a floor space of 84.2 sq m. Total combined floor space for the property is 299.5 sq m.
Tenure See Legal Pack
Viewing BY APPOINTMENT ONLY Please call Auction House North East on 01642 931060
Services Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.