Five First Floor office suites with two currently occupied by Hewitts Solicitors and County Durham & Darlington NHS Trust
Prominent location fronting Greenwell Road, close to its junction with B6443
Forms part of a retail parade with occupiers including TSB and Barnardo’s
Adjacent to Tesco Extra, Argos and Lidl
Asset management potential with 4,433 sq ft offered with vacant possession
Lot 72
Auction 7th December 2017
Rent £32,870 per Annum Exclusive
Status Sold Post
Price
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
12 miles south of Durham, 7.5 miles north of Darlington
Roads
B6443, A167, A1(M) (Junction 59)
Rail
Newton Aycliffe Rail
Air
Durham Tees Valley Airport
Situation
Newton Aycliffe is a busy town in County Durham some 7.5 miles north of Darlington. The property occupies a prominent corner position on Greenwell Road, just off the B6443 within the town centre. The property forms part of a retail parade, with tenants including TSB, Bardardo's and The Job Centre. The property is also adjacent to Tesco, Argos and Aldi.
Tenure
Virtual Freehold. Held for a term of 999 years from 01/06/2015 at a peppercorn rent.
Location
Miles
12 miles south of Durham, 7.5 miles north of Darlington
Roads
B6443, A167, A1(M) (Junction 59)
Rail
Newton Aycliffe Rail
Air
Durham Tees Valley Airport
Situation
Newton Aycliffe is a busy town in County Durham some 7.5 miles north of Darlington. The property occupies a prominent corner position on Greenwell Road, just off the B6443 within the town centre. The property forms part of a retail parade, with tenants including TSB, Bardardo's and The Job Centre. The property is also adjacent to Tesco, Argos and Aldi.
Tenure
Virtual Freehold. Held for a term of 999 years from 01/06/2015 at a peppercorn rent.
Description
The property comprises first floor offices currently arranged to provide five self-contained suites. The property forms part of a two storey building with retail accommodation on the ground floor which are not part of the sale. The property benefits from rights to parking on the estate.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises first floor offices currently arranged to provide five self-contained suites. The property forms part of a two storey building with retail accommodation on the ground floor which are not part of the sale. The property benefits from rights to parking on the estate.
VAT
VAT is applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
2
First
Office
240 sq m
(2,583 sq ft)
COUNTY DURHAM AND DARLINGTON NHS FOUNDATION TRUST
5 years from 27/06/2005
£15,000
Holding Over
5
First
Office
324.38 sq m
(3,491 sq ft)
PARTNERSHIP t/a Hewitts Solicitors (1)
10 years from 02/09/2005
£17,870
Holding Over
1
First
Office
198.81 sq m
(2,140 sq ft)
VACANT POSSESSION
3
First
Office
98.85 sq m
(1,064 sq ft)
VACANT POSSESSION
4
First
Office
114.18 sq m
(1,229 sq ft)
VACANT POSSESSION
Totals
976.22 sq m
(10,507 sq ft)
£32,870
(1) Hewitts Solicitors is based in the North East of England, with offices in Bishop Auckland, Stockton-on-Tees, Darlington and Newton Aycliffe. Hewitts has served the local community for more than 60 years as one of the longest established law firms in the North East (Source: www.hewitts.co.uk 08/11/2017).
