Armstrong House, Abbeywoods Business Park, Pity Me, Durham DH1
£65,000 pax

TWO-STOREY SELF-CONTAINED OFFICE BUILDING OF APPROXIMATELY 521.35 sq m (5,612 sq ft)               

LOCATION

Durham lies approximately 19 miles south of Newcastle and 13 miles south-west of Sunderland, serving as the county town and primary commercial hub for the County Durham district.

Armstrong House is located on the western edge of Pity Me, about a quarter of a mile from the A167 and roughly 2.5 miles north of Durham city centre.

The property enjoys proximity to Arnison Retail Park, home to several national retailers including M&S, Next, Nike, Smyths, Boots, and Sainsbury's. Food and beverage outlets include McDonald's, Greggs, Costa, Subway, and KFC.

Additionally, the newly developed North Durham Retail Park is just a 2-minute walk from the property, with occupiers such as Starbucks, Aldi, and Home Bargains.

DESCRIPTION

The premises comprise a self-contained, purpose-built, two-storey office building of attractive brick construction under a slate pitched roof.

The property benefits from 19 allocated parking spaces and well-maintained landscaping.

Internally, the office space is a combination of cellular and open-plan layouts, featuring painted and plastered walls, suspended ceilings, recessed lighting, gas central heating, and WC facilities. Additional storage is understood to be available in the roof space, though this area has not been inspected or included in the stated floor areas.

ACCOMMODATION

Ground Floor - 247.30 sq m (2,662 sq ft)

First Floor - 274.06 sq m (2,950 sq ft)

TOTAL - 521.35 sq m (5,612 sq ft)

TERMS

The property is available by way of a new FRI lease for a term of years to be agreed, at a rent of £65,000 per annum exclusive.

BUSINESS RATES

Rateable Value (Effective 1st April 2023): £46,750  

Estimated Rates Payable (24/25): £23,328.25

Our estimates are calculated by applying the appropriate Business Rate Multiplier to the RV. 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: 78 D.

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 is to be responsible for their own costs incurred in this transaction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the purchaser/tenant.

VIEWING & FURTHER INFORMATION 

For general enquiries and viewing arrangements please contact Graham S Hall Chartered Surveyors.