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 16th June 2021
Rent £55,500 per Annum Exclusive
Status Sold
Price £342,000
Sector Office
Auction Venue Live Streamed Auction
By Order of a Charity
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.
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.
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground
Office/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)
£55,500
29/09/2022
First
Office/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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
