Durham, Unit 3 Belmont Business Park
Durham, Unit 3 Belmont Business Park

LOCATION
Belmont Business Park is extremely well located on the outskirts of Durham city on Broomside Lane which is close to Junction 62 of the A1(M) via the A690. Newcastle upon Tyne is 15 miles to the north and Sunderland 9 miles to the north east. There is a 'Park & Ride' car park nearby on the A690.

Belmont is also very well situated for the region's main airports in Newcastle and Durham Tees Valley as well as the east coast's rail line station at Durham offering regular rail services to London Kings Cross.

Belmont is a well established business park with an Elvet BMW/Mini dealership, Premier Inn and Brewer Fayre. 

DESCRIPTION
Unit 3 Belmont Business Park is an attractive modern office building completed in 2001 with brick elevations, curved profile metal roof and aluminium double glazed windows.  

The first floor east premises have been fully upgraded to a Grade A specification with this refurbishment programme to be carried out potentially throughout the building subject to a tenant’s specific requirement.  
 
The premises will therefore benefit from the following specification:
 
Upgraded designer led double height reception.
Comfort cooling. 
Raised floors with new carpeting (not ground floor east).
Suspended ceilings with LED lighting.
Male & Female WC accommodation. 
Excellent car parking ratio (up to 60 spaces). 
 
ACCOMMODATION
First Floor North     809.71 sq m      8,716 sq ft
First Floor East       317.25 sq m      3,415 sq ft
Ground Floor East  313.91 sq m      3,379 sq ft
TOTAL:                1,440.87 sq m   15,510  sq ft
 
The ground floor east is potentially available from 1,000 sq ft. 
 
TERMS
The property is available by way of a new lease for a term by arrangement.

RENT
The quoting rent is £13 psf per annum exclusive of business rates, service charge, VAT and all other outgoings.  

RATING
According to the Valuation Office Agency website the premises have the following rating assessments:
 
First Floor North £63,000
First Floor East £27,000
Ground Floor East £24,000
 
SERVICE CHARGE
A budget will be provided in due course, however, we estimate the service charge will be approximately £4.00 psf.

EPC
The first floor east wing has been rated Band C (71).  A copy of the EPC is available upon request.

VAT
All rents, premiums and purchase prices quoted are exclusive of VAT. All offers are to be made to Gavin Black & Partners on this basis and, where silent, offers will be deemed net of VAT.

MONEY LAUNDERING
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.

CODE OF PRACTICE
The landlord accepts the principles of the Code of Practice for Commercial Leases in England and Wales.  Alternative lease terms are available upon request.  A copy of the Code can be obtained from Royal Institute of Chartered Surveyors, 12 Great George Street, Parliament Square, London, SW1P 3AD, Tel: 0207 695 1535.
 

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Particulars