Hutton Close comprises a self-contained estate of six units across three single-storey pavilion-style offices, arranged around a central block-paved parking area with associated landscaping.
The buildings are of steel frame construction with facing brickwork external envelope and aluminium curtain-walling fenestration, surmounted by pitched and hipped roofs with tile coverings. Internally, the units are split into six suites arranged over solid concrete floors, with painted plaster walls and suspended ceilings.
Location
Hutton Close is located on South Church Enterprise Park to the south east of Bishop Auckland town centre. The estate benefits from immediate access to the A688, which is the principal access road to Bishop Auckland from the A1(M), linking with Spennymoor to the north and Barnard Castle to the South.
The built stock at South Church Enterprise Park is predominantly industrial in nature, with nearby occupiers including Teescraft, Cello Electronics, South Durham Enterprise Agency and James Burrell.
Accommodation
Unit 3 - 1,500 sq ft
Unit 4 - 3,000 sq ft
Total - 4,500 sq ft
Terms
The Units are available by way of new EFRI leases for a term of years to be agreed at the following Rents:
Unit 3 - £12,750 pax
Unit 4 - £25,500 pax
Combined - £38,250 pax
Alternatively, our client will consider a sale of the units on a Long Leasehold basis and we are instructed to seek offers in the region of £150,000 (Unit 3) and £300,000 (Unit 4). Further details available on request.
BUSINESS RATES
Unit 3
Rateable Value: £7,700 (Estimated Rates Payable: £0)
Unit 4
Rateable Value: £14,750 (Estimated Rates Payable: £6,747)
Our estimates are calculated by applying the Business Rate Multiplier to the RV and adjusting for Small Business Rate Relief. Not all properties or 'small businesses' qualify for relief. 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 C 74.
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.
Specification
- Well Located in Established Commercial Area
- Only 1.5 Miles from Bishop Auckland Town Centre
- Suitable for a Variety of Uses (i.e. Office, Storage & Distribution, Light Industrial) - Subject to Consents
- Landlord Refurbishment Planned
- Excellent Opportunity for Owner Occupiers