No longer on the market
This property is no longer on the market
MapResidential development
Auction
Residential development
Features and description
- Commercial / residential development
- Guide price: £750,000 £800,000 plus vat
Withdrawn Prior For Sale by Public Auction on22/07/2021
Location:
Peterlee is located within County Durham in the North East of England, approximately 20 miles south east of Newcastle upon Tyne, 10 miles east of Durham and 10 miles south of Sunderland. The property is located on the corner of Burnhope Way opposite Peterlee Bus Station, near Castle Dene Shopping Centre. The centre provides approximately 300,000 sqft of retail accommodation anchored by a large ASDA superstore which provides around 1,100 parking spaces.
Description:
A substantial property comprising of a detached 6 storey office block of approximately 23,928 sqft on a site area of 0.68 acres. Access is via a common ground floor reception area. The offices have partitioned and open plan layouts with suspended ceilings with recessed lighting, central heating, perimeter power and data points and WCs on intermittent floors. The building requires refurbishment . There is potential for residential development subject to planning.
Planning:
Potential for residential development etc subject to planning.
Local Authority: Durham County Council[use Contact Agent Button].
Note
The auctioneers have not inspected the property and the floor areas have been provided by the vendor.
Tenure
Freehold, subject to existing leases.
Mast 1: Let to Orange Personal Communications Services Limited at £8,000 pax plus VAT. The tenant is holding over
Mast 2: Let to Vodafone Limited at £8,000 pax plus VAT. The tenant is holding over.
In addition, the neighbouring public house is subject to a long lease of 99 years commencing 01.06.1960 at a ground rent of £175 pa without review.
Energy Performance Certificate:
Rating 116, Band E.
Solicitors
Bond Adams, Richmond House, 94 London Road, Leicester LE2 0QS
[use Contact Agent Button] ~ Ref: Z Dakri
Location:
Peterlee is located within County Durham in the North East of England, approximately 20 miles south east of Newcastle upon Tyne, 10 miles east of Durham and 10 miles south of Sunderland. The property is located on the corner of Burnhope Way opposite Peterlee Bus Station, near Castle Dene Shopping Centre. The centre provides approximately 300,000 sqft of retail accommodation anchored by a large ASDA superstore which provides around 1,100 parking spaces.
Description:
A substantial property comprising of a detached 6 storey office block of approximately 23,928 sqft on a site area of 0.68 acres. Access is via a common ground floor reception area. The offices have partitioned and open plan layouts with suspended ceilings with recessed lighting, central heating, perimeter power and data points and WCs on intermittent floors. The building requires refurbishment . There is potential for residential development subject to planning.
Planning:
Potential for residential development etc subject to planning.
Local Authority: Durham County Council[use Contact Agent Button].
Note
The auctioneers have not inspected the property and the floor areas have been provided by the vendor.
Tenure
Freehold, subject to existing leases.
Mast 1: Let to Orange Personal Communications Services Limited at £8,000 pax plus VAT. The tenant is holding over
Mast 2: Let to Vodafone Limited at £8,000 pax plus VAT. The tenant is holding over.
In addition, the neighbouring public house is subject to a long lease of 99 years commencing 01.06.1960 at a ground rent of £175 pa without review.
Energy Performance Certificate:
Rating 116, Band E.
Solicitors
Bond Adams, Richmond House, 94 London Road, Leicester LE2 0QS
[use Contact Agent Button] ~ Ref: Z Dakri
About this agent
Kal Sangra Shonki Brothers - Auction House
85 Granby Street
Leicester, Leicestershire
LE1 6FB
0116 484 9720Established in 1966, Shonki Brothers, were the first Asian Estate Agents in England. “Customer First” is and will always be our ethos, with this in mind our service is delivered with a fresh and enthusiastic approach by an experienced and friendly team which is second to none.