Spectrum 5 Spectrum Business Park Seaham County Durham SR7 7TT
Spectrum 5 Spectrum Business Park Seaham County Durham SR7 7TT
Modern Freehold Office Building
Modern detached three storey high specification office building extending to 39,958 sq ft
Total site area of 0.84 hectares (2.076 acres) with 136 car parking spaces
Popular business park location in area of significant commercial regeneration
Occupiers on the Business Park include Durham County Council, ResQ, Believe Housing Group, Castle Eden Brewery and MRC Global, Orbis and a newly opened gym, Fit24
Very low capital value on Guide Price (£10 psf CV)
Modern detached three storey high specification office building extending to 39,958 sq ft
Total site area of 0.84 hectares (2.076 acres) with 136 car parking spaces
Popular business park location in area of significant commercial regeneration
Occupiers on the Business Park include Durham County Council, ResQ, Believe Housing Group, Castle Eden Brewery and MRC Global, Orbis and a newly opened gym, Fit24
Very low capital value on Guide Price (£10 psf CV)
Lot 39
Auction 18th May 2023
Vacant Possession
Status Sold
Price £460,000
Sector Office
Auction Venue Live Streamed Auction
Property Information
Location
Miles
6 miles south of Sunderland, 13 miles east of Durham
Roads
A1, A19, A182
Rail
Seaham Rail Station
Air
Newcastle International Airport
Situation
Spectrum Business Park is a popular commercial location, boasting excellent transport links being within close proximity to the A19. The Park was constructed between the mid 2000's and 2010, comprising a total of nine Grade A buildings. Other occupiers on the business park include Durham County Council, ResQ Ltd, Believe Housing Group, Castle Eden Brewery and MRC Global, Orbis and a newly opened gym, Fit24.
Tenure
Freehold.
Location
Miles
6 miles south of Sunderland, 13 miles east of Durham
Roads
A1, A19, A182
Rail
Seaham Rail Station
Air
Newcastle International Airport
Situation
Spectrum Business Park is a popular commercial location, boasting excellent transport links being within close proximity to the A19. The Park was constructed between the mid 2000's and 2010, comprising a total of nine Grade A buildings. Other occupiers on the business park include Durham County Council, ResQ Ltd, Believe Housing Group, Castle Eden Brewery and MRC Global, Orbis and a newly opened gym, Fit24.
Tenure
Freehold.
Description
Completed in 2008, Spectrum 5 is a modern, high specification office building arranged on the ground, first and second floors benefitting from raised flooring, a 3m ceiling height and an 8 person passenger lift. The building is designed to allow subdivision into two wings per floor, with sub-metering for each wing. Whilst the whole property is vacant, the first and second floors are fitted out with meeting/conference rooms and kitchens. The property benefits from extensive car parking for 136 cars to the front.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band B
Description
Completed in 2008, Spectrum 5 is a modern, high specification office building arranged on the ground, first and second floors benefitting from raised flooring, a 3m ceiling height and an 8 person passenger lift. The building is designed to allow subdivision into two wings per floor, with sub-metering for each wing. Whilst the whole property is vacant, the first and second floors are fitted out with meeting/conference rooms and kitchens. The property benefits from extensive car parking for 136 cars to the front.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band B
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Ground First Second
Office Office Office
1,212.01 1,250.10 1,250.10
(13,046) (13,456) (13,456)
VACANT
Total
3,712.21
(39,958)
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.
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