SITUATION
The subject property is located on Rennys Lane, in Dragonville,situated on the approach to Durham City Centre just offjunction 62 of the A1(M). The subject property lies in closeproximity to the recently constructed Tesco Extra store
which is now firmly established and draws customers from awide catchment area.
Other operators in close proximity to the subject property
include Aldi, TK Maxx and Mr Clutch. In addition to a number ofmotor vehicle retailers, B&Q have a large new format warehousestore within extensive Durham Retail Park development whichalso includes retailers such as Argos, PC World and Comet.
DESCRIPTION
The subject property comprises of single storey steel portal frameindustrial unit with brick faced cavity walls complete with profilecladding at high level at the front and rear gables. The unit alsobenefits from a yard secured by palisade fence to the side and rear,roller shutter access and integral office accommodation to part.Externally there are 10 car parking spaces to the front of theproperty with 12 car parking spaces to the rear.
ACCOMMODA TION
The accommodation comprises an industrial unit extending to994.8m2 (10,277sq ft) GIA. The unit has been measured inaccordance with the RICS Code of Measuring Practice (6th Edition).
SERVICES
The property benefits from a 3-phase electricity supply a well asmains water and gas.
TENURE
The premises available by way of a new lease on a fullrepairing and insuring basis for a term to be agreed inmultiples of 3 years with 3 yearly upward only rent reviews.Incentives will be considered on long term lettings.
ASKING RENT
The property is available for a rent of £40,000 per annumexclusive.
RATING ASSESSMENT
Potential tenants are advised they should make their own ratingenquiries to the local rating authority.
LEGAL COSTS
Each party is to be responsible for their own legal costsincurred in the transaction.
VAT
All rents, premiums and purchase prices quoted herein areexclusive of VAT.
All offers are to be made to Bradley Hall upon this basis andwhere silent, offers will be deemed net of VAT.
VIEWING
For general enquiries and viewing arrangements please contactsole agents Bradley Hall Chartered Surveyors and ask for JonathanWright or Neil Hart on (0191) 232 8080 or emailjonathan.wright@bradleyhall.co.uk / neil.hart@bradleyhall.co.uk