- Ground Floor Extending Approximately 542.28 sq m (5,837 sq ft) with Additional Hardstanding Land if Required
- Excellent Location, Approximately 2.0 Miles North of Durham City
- Close to Durham’s Premier Retail Park; Arnison Shopping Park which is Anchored by a 60,000 sq ft M&S and an 89,000 sq ft Sainsbury’s Store
- Surrounding Occupiers Include: Halfords, Plumb Center, Evans Cycles, Edmundson Electrical & Pulman Volkswagen
- Potential for Bulky Goods Retail Use like Evans Cycles at Unit C1 (Subject to Planning)
- Height to Eaves Approximately 4.3m
- Extensive Car Parking
- New FRI Lease Available
- Asking Rent £52,000 pax as Trade Warehouse or £58,750 pax as Retail Unit Including New Shop Front
The City of Durham lies approximately 18 miles South of Newcastle upon Tyne, 15 miles South West of Sunderland and 20 miles North of Teesside with Darlington approximately 20 miles to the South.
The subject property is located close to the Arnison Retail Park approximately 2 miles north of Durham City Centre.
Arnison is Durham’s largest retail warehouse destination with over 330,000 sf in 20 units with over 1,400 free car parking spaces and is anchored by an 89,000 sf Sainsburys Superstore and 60,000 sf Marks and Spencer store. Other retailers include: Next, Nike, Boots, River Island, Superdrug and Wilko together with food and beverage operators such as McDonalds, KFC, Greggs and Costa Coffee.
The subject property occupies a prominent main road position within Block C of the Abbey Road Retail and Trade Park, which faces the Arnison Retail Park and is accessed off Abbey Road. Occupiers within the Estate include Halfords, Plumb Center, Evans Cycles Edmundson Electrical and Pulman Volkswagen to name but a few.
The property is of brick and block cavity wall construction up to a height of approximately 2 metres with insulated cladding panels above and to the roof with an approximate height to eaves of 4.3m.
Internally the property benefits from fluorescent strip lighting, 3 Phase electricity and mains water to a ground floor WC. The unit will have a clear floor space following removal of the previous tenant’s partition walls.
Externally there is a plate glass entrance door, rear personnel / emergency exit and an electronically operated roller shutter door.
The landlords are prepared to install a new shop front similar to that installed for Evans Cycles unit C1 in the same block if retail use is required.
A secure, hard standing yard of approximately 0.14 acres is also available by separate negotiation.
Ground Floor 542.28 sq m (5,837 sq ft)
The property is available by way of a new Tenant FRI lease (excluding the roof) for a term of years to be agreed subject to 5 yearly upward only rent reviews. The Landlord repairs the roof to the block and recovers a fair proportion from each tenant. There is a service charge payable for maintenance of the external common parts.
Each party to be responsible for their own costs incurred in this transaction.
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Graham S Hall upon this basis and where silent, offers will be deemed net of VAT.
We understand that the premises have a rateable value of £29,250 effective from 1st April 2017. It is recommended that any interested party confirm the accuracy of this information and the rates payable with the Local Authority.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the purchaser / tenant.