LOCATION
Chancery Court is located on the popular Belmont Industrial Estate positioned approximately three miles east of Durham and midway between the conurbations of Tyneside and Teesside. Newcastle is 25 miles North East.
DESCRIPTION
The property is a modern detached two-storey office building set within a landscaped business park environment. The building is of brick construction with double glazed windows and a curved metal profile roof. Access to eight car parking spaces is available.
Internally, the property benefits from air conditioning, raised floors throughout, security alarms, suspended ceilings, double glazed windows with aluminium frames, telecom facilities, partitioned wall for office as well as kitchen space, lifts, shower space and panelled radiators.
ACCOMMODATION
Office 184.10 m² (1,982 ft²)
RATING ASSESSMENT
Description RV Estimated Rates Payable
Office and Premises £17,750 £8,857.25
We are advised that the rateable value of the premises as at 1 April 2017 is £17,750 and we have estimated the accrual rates payable for the current year above. This is based on the standard Small Business Rate of 49.9p in the pound. However, interested parties should confirm the current position with the Local Authority.
EPC RATING
D84
TERMS
The property is available by way of an assignment of the current EFRI lease for a term until 31st March 2027
years to be agreed at an asking rent of £27,972.00 per annum exclusive of service charge and insurance.
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.
LEGAL COSTS
Each party is to bear their own legal costs involved in the transaction.
MONEY LAUNDERING REGULATIONS
In accordance with the Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
VIEWING
For general enquiries and viewing arrangements please contact Harry Towers at Bradley Hall.
Tel: 0191 232 8080
Email: harry.towers@bradleyhall.co.uk
