UNDER OFFER

Leasehold £246,840 Per Annum
Unit 3 Foxcover Distribution Park, Admiralty Way, Seaham SR7 7DN

  • Constructed in 2007
  • Extensive secure car parking and yard areas
  • 5,733 sq m (61,710 sq ft)
  • Connecting directly to A19
  • A Premier distribution location

Description

The property comprises a modern high bay warehouse / distribution facility of steel portal frame construction with central steel columns. The building is clad with insulated profile sheeting to elevations and roof and was constructed in 2007. Internally the warehouse provides a 10m clear eaves (with 12m to apex), four dock levellers with one single level access door. The warehouse benefits from ground floor office with amenity facilities, high bay LED lighting and power floated floor with max loading of 50KN/m2. The office accommodation has been fitted out to an excellent standard and comprises approximately 5% of the GIA.

Location

Foxcover Distribution Park is a modern industrial estate providing high specification accommodation with a wide range of occupiers including Kans and Kandy, Andrew James, Metro Mail, Yearsley Logistics and Robertson Timber Engineering. The estate benefits from excellent road communications, connecting directly to the A19, 1.5 miles to the west via the A182. The A1(M), the region's other main arterial route, is located approximately 6 miles to the west, running parallel north to south with the A19. Seaham is a coastal town located in east County Durham approximately 15 miles south east of Newcastle upon Tyne, 10 miles east of Durham and 20 miles north of Middlesbrough. The East Coast main line provides services to Durham, Newcastle and Darlington, all of which are a short drive from Seaham. Journey times from Durham to London Kings Cross is around 2 hours and 30 minutes with Edinburgh being approximately 1hour 40 minutes. The area is served by two airports with Newcastle International Airport approximately 25 miles to the North West and Durham Tees Valley International Airport approximately 25 miles to the south.

Services

We understand that the property is connected to all mains services.

VAT

All figures quoted are exclusive of VAT which may apply.

Business Rates

The property is listed on the Valuation Office Agency website with a Rateable Value of £171,000. Interested parties speak to the Local Rating Authority to confirm the rates payable.

Terms

The property is available by way of a new full repairing and insuring lease for a term of years to be agreed at an annual rent of £246,840 per annum.

EPC

The EPC Rating for the property is C(65)

Make an enquiry

Nick Atkinson
0191 245 3011 - nick.atkinson@htare.co.uk

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