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LWC Drinks, Mulberry Way, Dubmire Industrial Estate, Houghton Le Spring, Tyne And Wear, DH4 5RH

38,005 Sq Ft (3,530.66 Sq M) For Sale £1,750,000 for the Freehold, To Rent £165,000 Per Annum

General Enquiry
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Key Features
  • 38,005sqft
  • Detached industrial/warehouse unit
  • Large secure fenced site
  • Internal clear height of 8m
  • 5 Level loading doors
  • Site area of 2.12 Acres
Description

To Let/For Sale modern detached industrial/warehouse unit extending to 38,005 sqft on Mulberry Way, Houghton-Le-Spring. The property benefits from two service yards accessed via 5 electrically operated roller shutter doors and warehouse with 8m eaves. The site is located close to the A690 which links into both the A19 and A1(M) with Nissan UK being 8.5 miles to the north.

Location

Dubmire Industrial Estate is situated approximately 2 miles west of Houghton-le-Spring. The A1052 provides access to the A690, which in turn links the A19 circa 2.5 miles to the north east and A1(M) circa 6 miles to the south west.

The property is well located to access the region's main arterial routes with Durham City Centre is circa 7 miles to the south west and Sunderland City Centre circa 7 miles to the north east. The main Nissan manufacturing plant is circa 8.5 miles to the north.

Services

We understand that the property is connected to all mains services. Interested parties are advised to carry out their own checks on service provisions and ratings to the unit.

VAT

All figures quoted are exclusive of VAT which may apply.

Business Rates

According to the Valuation Office Agency website the property has a Rateable Value of £119,000 effective from the 1st April 2023. Interested parties are advised to contact the Local Rating Authority to confirm the rates payable.

Terms

The property is available for sale on a freehold basis with vacant possession for £1.75 million.

Alternatively, our client will consider a new lease for a term of years to be agreed at £165,000 per annum.

EPC

The EPC Rating for the property is C53