Parts of the property both externally and internally require refurbishment and it appears that part of the M & E equipment and associated wiring have been removed. Interested parties should rely on their own inspection and enquiries as to whether of not the M & E equipment is fit for purpose and to ascertain what repair/replacement works are required.
The premises comprise a modern purpose built 2 storey detached Grade A office/call centre of insulated plastisol and glass infill elevation steel portal frame construction with dedicated block paved car parks. From previous marketing literature understand that the original specification and accommodation provided:
Open plan floor plates
Double height reception area
Four pipe fan coil air conditioning (not tested - interested parties should rely on their own enquiries)
Passenger lifts (not tested - interested parties should rely on their own enquiries)
385 onsite car spaces
Parts of the exterior and interior require refurbishment.
Peterlee is a new town, that lies approximately 9 miles top the west of Durham and 7 miles north of Hartlepool. It benefits from good communication links being adjacent to the A19, which is one of the main routes linking Teesside with Tyneside. The subject building is located to the South East of the Town and forms part of a larger development of six high quality office buildings constructed in 2006.
Leasehold at a peppercorn rent with approximately 109 years unexpired.
We have not been able to inspect internally and the following areas have been provided by the Vendor:
Ground Floor: 3,334 sq m (35,888 sq ft)
First Floor: 3,172 sq m (34,144 sq ft)
Large surface car park with approximately 385 spaces.
There will be a Buyer's Administration Fee of £1000 plus VAT payable upon exchange of contracts.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
This auction lot is now closed.
Connecting to server...