Acquired
Newton Aycliffe – Offices
First Floor, Avenue House, Greenwell Road, Newton Aycliffe DL5 4DHVirtual Freehold Office Investment
Investment Consideration
- Tenants Service Charges: £40,528 p.a.
- Comprises 6 office suites arranged over first floor, accessed via self-contained entrances from ground floor. Property also benefit from lift access.
- Suite 2 and 5 let to NHS Foundation Trust and a Law Firm. Both tenants have been in occupation since 2005.
- Total area size of 980 sq m (10,547 sq ft)
- Occupiers close by include Tesco Extra, Costa Coffee, Aldi, Argos and Greggs, amongst others.
Key Features
Tenure
Leasehold
VAT
VAT is Applicable
Property Description
The property comprises six office suites arranged over first floor and have self-contained access from the ground floor, providing the following accommodation and dimensions:
Suite 1A - 146 sq m (1,571 sq ft)
Suite 1B - 59 sq m (635 sq ft)
Suite 2 - 241 sq m (2,594 sq ft)
Suite 3 - 97 sq m (1,044 sq ft)
Suite 4 - 113 sq m (1,216 sq ft)
Suite 5 - 324 sq m (3,487 sq ft)
First Floor Total: 980 sq m (10,547 sq ft)
*Sizes sourced from VOA website
Suite 1A - 146 sq m (1,571 sq ft)
Suite 1B - 59 sq m (635 sq ft)
Suite 2 - 241 sq m (2,594 sq ft)
Suite 3 - 97 sq m (1,044 sq ft)
Suite 4 - 113 sq m (1,216 sq ft)
Suite 5 - 324 sq m (3,487 sq ft)
First Floor Total: 980 sq m (10,547 sq ft)
*Sizes sourced from VOA website
Tenancy Description
Tenure:
Long leasehold. Held on a 999 year lease from 1st June 2015 at a ground rent of peppercorn.
Long leasehold. Held on a 999 year lease from 1st June 2015 at a ground rent of peppercorn.
Tenancies & Accommodation
Location Description
Newton Aycliffe is a town in County Durham, England. The A167 (old A1) is the main road to the town, it runs to Durham and Newcastle upon Tyne (30 miles) in the north and Darlington (8 miles) and Northallerton in the south. By bus, the town has bus services provided by Arriva North East to Bishop Auckland, Durham, Darlington, Spennymoor, Ferryhill, Peterlee, Sunderland and Sedgefield. Town services are provided by Hodgsons service 17. Occupiers close by include Tesco Extra, Costa Coffee, Aldi, Argos and Greggs, amongst others.
