First Floor, Avenue House Greenwell Road Newton Aycliffe Co Durham DL5 4DH

First Floor, Avenue House
Greenwell Road
Newton Aycliffe
Co Durham
DL5 4DH

Modern Office Investment

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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Modern Office Investment

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

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

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).