Valley House
Valley Street North
Darlington
County Durham
DL1 1TJ

Freehold Office/Redevelopment Opportunity

  • Part let to Costain Limited & CH2M Hill United Kingdom (see footnote (1))
  • Accommodation extending to approximately 1,532.9 sq m (16,499 sq ft)
  • 35 on site car parking spaces
  • Site area approximately 0.281 Hectares (0.694 Acres)
  • Possible potential for redevelopment, subject to all necessary consents
  • Low Capital Value per sq ft on Guide Price
  • Lot
    49
  • Auction
    16/Jun/2021
  • Rent
    £55,500 per Annum Exclusive
  • Status
    Available
  • Price*
    £225,000+
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
  • By Order of a Charity
Important Update
  • Valley House<br>Valley Street North<br>Darlington<br>County Durham<br>DL1 1TJ
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
10 miles west of Stockton-on-Tees
32 miles south of Newcastle
Roads
A66, A68, A167, A1(M)
Rail
Darlington
Air
Durham
Situation

Darlington is located approximately 10 miles west of Stockton-on-Tees and 32 miles south of Newcastle upon Tyne. The property is situated in a prominent position on the east side of Valley Street North, close to its junction with Chestnut Street, opposite Jewson, in a predominantly industrial location. The A167 is easily accessible and affords access to the A66(M) and in turn A1(M) motorway. A range of local shops and amenities are available within walking distance to the south in Darlington town centre, with other nearby occupiers including Vauxhall and Kwik Fit.

Tenure

Freehold.

Description

The property comprises a substantial two storey building arranged as office/ancillary accommodation. The property benefits from on site parking for approximately 61 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

D. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
GroundOffice/Ancillary
736.00 sq m
(7,922 sq ft)
COSTAIN LIMITED &
CH2M HILL UNITED
KINGDOM
14 years from
29/09/2017 until
28/09/2031 (1)
£55,50029/09/2022
FirstOffice/Ancillary
796.80 sq m
(8,577 sq ft)
VACANT---
Total
1,532.80 sq m
(16,499 sq ft)
  £55,500 

(1) The lease is subject to a tenant option to determine on 28/09/2021, which the tenant exercised in January 2021.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    08.06.21
    File Size
    17 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    592 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    524 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Berlad Graham LLP Boundary House, Cricket Field Road
Uxbridge
UB8 1QG
Jack Grunhut 020 3325 8171jg@bglaw.co.uk

Useful Links

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