Key Details
- Total GIA of approximately 75,074 sq ft (6,975 sq m)
- Site area of approximately 2.17 acres (0.88 hectares)
- Approximate clear eaves height of 6.3m
- Six overhead gantry cranes
- Parking rights for up to 42 vehicles
- Long leasehold – approximately 92 years unexpired (peppercorn rent)
- Offers in excess of £950,000
Location
The property is situated within Harelaw Industrial Estate in Stanley, County Durham, approximately 8.9 miles south-west of Newcastle upon Tyne and 9.5 miles north-west of Durham. The immediate surrounding area is predominantly industrial in character, comprising a range of manufacturing, engineering, storage and distribution uses.
Harelaw Industrial Estate is accessed from North Road and benefits from convenient access to the regional road network. The A693 is located approximately 3.2 miles to the east and provides access to the A1(M) at Junction 63, approximately 8.7 miles from the property. The A1(M) provides onward access to Newcastle upon Tyne, Durham and the wider regional and national motorway network.
The estate is an established employment location with occupiers including Dyer Engineering, Revolution Padel and Con-Mech Engineers.
Property Description
The property comprises a substantial two-bay industrial and manufacturing facility extending to approximately 75,074 sq ft (6,974.56 sq m) GIA, situated on a site of approximately 2.17 acres (0.88 hectares).
The principal manufacturing accommodation is of steel portal frame construction beneath pitched roofs, with solid concrete floors and an approximate clear eaves height of 6.3 metres. Loading access is provided via electrically operated roller shutter doors to the eastern and western elevations.
The manufacturing accommodation has historically supported heavy industrial operations and includes six overhead gantry cranes, together with an engineering workshop and a small steel-framed mezzanine which previously supported modular office accommodation.
To the front elevation is a two-storey office building of masonry construction providing a mixture of open-plan and cellular office accommodation, reception, staff canteen, kitchenette and WC facilities. The offices benefit from suspended ceilings, air conditioning and gas-fired central heating.
Externally, the wider estate is approached through a shared secure gatehouse from North Road. The long leasehold interest benefits from rights to park up to 42 vehicles, together with circulation and servicing areas associated with the premises.
Accommodation
The property provides the following approximate Gross Internal Areas:
| Accommodation |
Sq m | Sq ft |
| Main Manufacturing / Industrial Accommodation |
6,173.04 | 66,447 |
| Engineering Workshop | 171,47 | 1,846 |
| Two-Storey Offices / Ancillary Accommodation |
630.04 | 6,782 |
| Total GIA | 6,974.56 | 75,074 |
All areas are approximate and are provided for guidance purposes only. Interested parties should satisfy themselves as to the accuracy of the stated floor and site areas.
Services
The property is understood to be connected to mains electricity, gas, water and drainage. We are informed that an electricity supply of 1,500 kVA is available.
Interested parties should make their own enquiries regarding the availability, capacity and condition of all services. Neither Hilco Global nor the Administrators have tested any of the services or installations.
Tenure
The property is held on a long leasehold basis under title number DU364277 pursuant to a lease dated 22 December 2016 for a term of 102 years, leaving approximately 92 years unexpired. The ground rent is a peppercorn, if demanded.
A copy of the lease and further title information are available within the secure data room.
Service Charge
An estate service charge is payable in respect of the upkeep, maintenance and management of common areas and estate services. Further information is available within the secure data room.
Business Rates
The property is currently entered in the Rating List with a Rateable Value of £171,000.
Interested parties are advised to make their own enquiries regarding the rates payable and any reliefs which may be available.
EPC
An Energy Performance Certificate is available within the secure data room. The available certificate records a rating of D and includes additional adjoining accommodation within Harelaw Industrial Estate.
Planning
Interested parties should make their own enquiries of the Local Planning Authority to satisfy themselves as to the authorised use of the property and the suitability of the premises for their intended use.
Guide Price
Offers in excess of £950,000 are invited for the long leasehold interest.
VAT and Legal Costs
VAT, if applicable, will be payable at the prevailing rate.
Each party is to bear its own legal and professional costs incurred in connection with the transaction.
Viewings
Viewings are strictly by prior appointment through the sole agents, Hilco Global.
Further Information
A secure data room containing further property and legal information will be made available to interested parties. Access to the data room is available upon request.
Basis of Sale
The property is offered for sale on behalf of the Joint Administrators and is subject to contract. Interested parties should rely upon their own inspections, enquiries and professional advice in respect of the property, title, services, planning, condition and all other matters relevant to their proposed acquisition. The Joint Administrators offer no title or collateral warranties associated with this property or transaction.
Anti-Money Laundering
Purchasers will be required to provide information to comply with all current anti-money laundering legislation prior to agreement of Heads of Terms.
