Spey House comprises an estate of eleven two-storey units of traditional brick and block construction, featuring a glazed entrance facade, surmounted by a pitched, tiled roof.
Internally, the unit is divided over two levels; the ground floor providing warehouse / workshop accommodation, with a concrete slab floor and access via a 3.4m high electric roller shutter door to the front elevation.
The first floor is fitted to an office specification but could be repurposed by ingoing Tenants if required.
The units were designed with occupier affordability in mind, currently falling below the minimum rates threshold. Heating and lighting are provided by LED fittings and electric panel radiators throughout, resulting in excellent EPC ratings and low running costs.
Each unit includes an accessible WC and kitchen facilities.
Location
Situated on the outskirts of Durham City, Mandale Park is part of the larger Belmont Industrial Estate and boasts an excellent location less than one mile from Junction 62 of the A1(M) via the A690. The estate is conveniently positioned 15 miles south of Newcastle upon Tyne and 9 miles southwest of Sunderland. Additionally, a 'Park & Ride' car park is available nearby on the A690.
The estate is strategically placed for easy access to the region's major airports in Newcastle and Durham Tees Valley, as well as the east coast's rail line station at Durham, which provides regular services to London Kings Cross.
Surrounding occupiers include Vertu Motors (BMW/Mini), Pulman Skoda, DPD, Howdens, Rexel, SAS Autoparts, Durham University, Clive Owen LLP, and the Durham & Darlington Fire Service (HQ).
Accommodation
Ground Floor Warehouse - 76.92 sq m (282 sq ft)
First Floor Offices - 68.75 sq m (740 sq ft)
TOTAL - 145.67 sq m (1,568 sq ft)
Terms
TERMS - Available by way of an new effectively full repairing and insuring lease with 5 yearly upward only rent reviews.
RENT - £16,000 pax.
BUSINESS RATES:
Rateable Value : £9,200 (Effective 1st April 2023)
Estimated Rates Payable (24/25) : £0
Our estimates are calculated by applying the appropriate Business Rate Multiplier to the RV and adjusting for Small Business Rate Relief, in cases where the RV indicates that it may be available.
It is important that interested parties confirm the accuracy of this information and the actual rates payable with the Local Authority.
ENERGY PERFORMANCE - EPC rating 33 B
VAT - 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.
LEGAL COSTS - Each party to be responsible for their own costs incurred in this transaction.
ANTI-MONEY LAUNDERING REGULATIONS - In accordance with anti-money laundering regulations, source of funding will be required from the purchaser / tenant.
Specification
- Ground Floor Warehouse: 76.92 sq m (828 sq ft)
- Fitted First Floor Offices: 68.75 sq m (740 sq ft)
- Well Positioned on Durham's Most Established Industrial Estate / Business Park
- Strategically Located close to Junction 62 of the A1(M)
- Electric Roller Shutter Door & Glazed Personnel Entrance
- WC & Kitchen Facilities