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)

Lot
39
Auction
18th May 2023
Vacant Possession
Status
Sold
Price
£460,000
Auction Venue
Live Streamed Auction

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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)

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

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

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)

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