Property description
SITUATION
Meadowfield is a popular commercial and residential suburb of Durham City. The nearby A690 provides access to the city as well as west towards Crook and the Wear Valley and the city of Durham to the east. The A1(M) (6 miles) provides access North to Newcastle upon Tyne (24 miles) and south to Darlington (26 miles).
The A167 is accessed at Nevilles Cross (1.5 miles) to the east. The A167, old A1 road provides access north towards Framwellgate Moor and Chester-le-Street (10 miles) and south towards Chilton and Newton Aycliffe (12 miles). The mainline intercity railway services provided in Durham City allow for easy access throughout the country.
DESCRIPTION
Kingfisher House is a modern and prestigious purpose built office complex being of brick elevations under a pitched and tiled roof being of detached 2 storey design with associated car parking.
Internally, the subject property is fitted to a high specification including Category 5 cabling, dual purpose air handling units providing cooling and heating, a security alarm system and Telephone entry system.
Externally, the property is bounded in the main by planted borders and various landscaped areas. Generous car parking is provided in to the rear of the property and is securely surrounded by palisade fencing.
ACCOMMODATION
The accommodation briefly comprises;
| Suite | Size f2 | Rent Per Annum | Rateable Value | Parking Bays |
| 1 | 3,324 | £24,600 | £25,000 (Estimated) | 15 |
| 4 | 888 | £7,992 | £5,800 | 4 |
TERMS
The property is available by way of a new FRI lease for a term of years to be agreed in multiples of 5. The lease will be subject to 5 yearly upward only rent reviews with the tenant contributing to maintenance of the rear service area by way of a service charge.
RATING ASSESSMENT
We are advised that the rateable values for the premises as at 1 April 2010 are as stated in the above table.
We would however, urge any interested parties to confirm the current position with the Local Authority. As a new occupier rights of appeal may exist against the assessments.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
VAT
All rents, premiums and purchase prices quoted herein are exclusive of VAT. All offers are to be made to Bradley Hall upon this basis, and where silent, offers will be deemed net of VAT.
VIEWING
For general enquiries and viewing arrangements please contact Bradley Hall Chartered Surveyors.
Property Features :
- Located on a Popular Business Park/Industrial Estate
- Suites from 82.5 m2 (888 f2) to 309 m2 (3,324 f2)
- Fitted to a High Specification
- Generous On Site Car Parking
- Available By Way of a New Lease