For Sale - Invest North East England

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For Sale DH3 2RA

AEI Cables Site, Durham Road, Birtley, Tyne and Wear. 

529,879 sq ft



24.8 Acre site



Good access to A1M



Large power supply



Redevelopment potential

SUBJECT TO CONTRACT Contact: Simon Hill Email: [email protected] Direct Tel: 0191 245 3010 HTA Real Estate Floor A Milburn House, Dean Street, Newcastle upon Tyne NE1 1LE T: 0191 245 1234

Location The property is situated on the A1627 Durham Road between Chester-le-Street and Birtley town centres. The location gives excellent access via the main arterial road network to junctions 63, 64 and 65 of the A1M, all of which are within one mile of the site. The property is also situated within close proximity to the locations below.  Newcastle upon Tyne 7 miles  Gateshead 5 miles  Team Valley Trading Estate 3 miles  Washington Galleries 3 miles  Sunderland 10 miles  Durham 9 miles The site is also ideally situated for ease of access to Newcastle International Airport and the East Coast mainline with Intercity stations at both Newcastle and Durham. Description The site predominantly comprises of a single storey detached factory building with ancillary storage buildings and two storey office block. The main factory building is of traditional solid brick construction to the external elevations and surmounted by a series of dual pitched profiled steel covered roofs incorporating glazed rooflights. Roofs are supported by trussed steel rafters bearing onto a series of steel columns. The unit has an insitu cast reinforced concrete ground bearing slab. Ancillary store buildings are predominantly of steel portal frame construction with single skin asbestos cement profiled roof and wall cladding panels. The two storey office is of traditional cavity brickwork construction surmounted by asphalt covered flat roofs laid onto a concrete deck. Insitu cast concrete floors are provided to both ground and first floor levels. External areas comprise service roads in concrete or tarmacadam.

Accommodation Main warehouse offices/labs

with

ancillary

Office block (Two Storey) Outbuildings Total GIA

sq m

sq ft

40,352

434,348

1,787

19,240

7,087 49,226

76,291 529,879

Tenure Site 1 - 10.34 hectares (24.8 acres) Freehold Site 2 - 4.61 hectares (11.4 acres) Long leasehold To the north of the property (Site 2 - sports fields) is a long leasehold interest between Associated Electrical Industries Limited (AEI) and Birtley Town Council for a term of 999 years, less 10 days, from 30 January 1950 at a peppercorn rent. Terms Offers are sought for the freehold interest. Business Rates According to the Valuation Office Agency website the property has a Rateable Value of £447,500. Interested parties are advised to speak to the Local Rating Authority to confirm the rates payable. Services We understand that the property is connected to all mains services including gas, water and a large electricity supply. Interested parties are recommended to make their own enquiries with regards the provision of services. VAT All figures quoted are exclusive of VAT which may apply. Energy Performance Certificate (EPC) An EPC has been commissioned and the information will be available shortly. Viewing Via Agents HTA Real Estate Nick Atkinson - [email protected] Direct Tel: 0191 245 3011 Simon Hill - [email protected] Direct Tel: 0191 245 3010

HTA Real Estate Ltd conditions under which particulars are issued HTA Real Estate Ltd and for the vendors or lessors of this property whose agents they are, give notice that: (i) The particulars are set out as a general outline only for the guidance of intending purchasers or lessees and do not constitute, nor constitute part of, an offer or contract. (ii) All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) No person in the employment of HTA Real Estate Ltd has authority to make or give any representation or warranty whatever in relation to this property. (iv) All rentals and prices are quoted exclusive of VAT unless otherwise stated. Nov 2013