Valley House Valley Street North Darlington County Durham DL1 1TJ

Valley House
Valley Street North
Darlington
County Durham
DL1 1TJ

Freehold Office/Redevelopment Opportunity

Part let to Costain Limited & CH2M Hill United Kingdom (see footnote (1))
Accommodation extending to approximately 1,532.9 sq m (16,499 sq ft)
35 on site car parking spaces
Site area approximately 0.281 Hectares (0.694 Acres)
Possible potential for redevelopment, subject to all necessary consents
Low Capital Value per sq ft on Guide Price

Lot
49
Auction
16th June 2021
Rent
£55,500 per Annum Exclusive
Status
Sold
Price
£342,000
Auction Venue
Live Streamed Auction
By Order of a Charity

Important Update Interested?

Expand
Photos
Map

Freehold Office/Redevelopment Opportunity

Part let to Costain Limited & CH2M Hill United Kingdom (see footnote (1))
Accommodation extending to approximately 1,532.9 sq m (16,499 sq ft)
35 on site car parking spaces
Site area approximately 0.281 Hectares (0.694 Acres)
Possible potential for redevelopment, subject to all necessary consents
Low Capital Value per sq ft on Guide Price

Lot 49
Auction 16th June 2021
Rent £55,500 per Annum Exclusive
Status Sold
Price £342,000
Sector
Office
Auction Venue
Live Streamed Auction
By Order of a Charity

Property Information

Location

Miles: 10 miles west of Stockton-on-Tees; 32 miles south of Newcastle
Roads: A66, A68, A167, A1(M)
Rail: Darlington
Air: Durham

Situation

Darlington is located approximately 10 miles west of Stockton-on-Tees and 32 miles south of Newcastle upon Tyne. The property is situated in a prominent position on the east side of Valley Street North, close to its junction with Chestnut Street, opposite Jewson, in a predominantly industrial location. The A167 is easily accessible and affords access to the A66(M) and in turn A1(M) motorway. A range of local shops and amenities are available within walking distance to the south in Darlington town centre, with other nearby occupiers including Vauxhall and Kwik Fit.

Tenure

Freehold.

Location

Miles: 10 miles west of Stockton-on-Tees; 32 miles south of Newcastle
Roads: A66, A68, A167, A1(M)
Rail: Darlington
Air: Durham

Situation

Tenure

Freehold.

Description

The property comprises a substantial two storey building arranged as office/ancillary accommodation. The property benefits from on site parking for approximately 61 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

D. See legal pack at www.acuitus.co.uk.

Description

The property comprises a substantial two storey building arranged as office/ancillary accommodation. The property benefits from on site parking for approximately 61 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

D. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Office/Ancillary	736.00 sq m	(7,922 sq ft)	COSTAIN LIMITED & CH2M HILL UNITED KINGDOM	14 years from 29/09/2017 until 28/09/2031 (1)	£55,500	29/09/2022
First	Office/Ancillary	796.80 sq m	(8,577 sq ft)	VACANT	-	-	-
Total		1,532.80 sq m	(16,499 sq ft)			£55,500

(1) The lease is subject to a tenant option to determine on 28/09/2021, which the tenant exercised in January 2021.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.