Investment Premises For Sale in Stanley

Site 95/2 Tanfield Lea Industrial Estate, Stanley, DH9 9NX

66,127 sq ft

Investment Premises For Sale

Summary

Investment in well established business location
Size: 66,127 sq ft (6,143.39 sq m)
Price: £1.8M
Long Leasehold
Subject to Contract

Location

The property is situated on Tanfield Lea Industrial Estate, one of the most established and well regarded business locations in the Stanely area of County Durham. The estate is home to a range of local, regional and national occupiers within the manufacturing, engineering and logistics sectors.

Tanfield Lea Industrial Estate benefits from excellent transport connectivity, with easy access to the A693, providing direct links to Chester-le-Street, Consett and the A1(M). This offers convenient access to the wider North East region, including Newcastle upon Tyne (approximately 12 miles to the north) and Durham (approximately 9 miles south east).

The surrounding area provides a strong infrastructure, with good public transport links and local amenities available within Stanley Town Centre, only a short distance away.

Get directions from Google Maps

Mainline Stations

Dunston

102 mins
Chester-Le-Street

105 mins
MetroCentre

106 mins
Blaydon

111 mins

Underground Station

Chesham

4329 mins
Amersham

4371 mins
Chalfont and Latimer

4386 mins
Broxbourne

4397 mins

Further Information

Price Offers in the region of £1,800,000

Rates Payable Upon Enquiry

Description

The property comprises a substantial industrial facility incorporating a two storey office block to the front and extensive warehouse accommodation to the rear.

The office building provides a professional and well presented working environment over two floors, featuring a main reception area, meeting rooms, boardroom, kitchen/staff canteen and WC facilities throughout. The offices in the main are fully carpeted with suspended ceilings incorporating LED lighting.

The main warehouse/industrial area is of steel portal frame construction with excellent internal clearance, concrete flooring and multiple access points suitable for loading and manufacturing use. The unit ebenfits from extensive open plan floor space, generous natural light and high bay LED lighting throughout.

Externally the property offers a large tarmacked yard to both the north and south elevations providing ample circulation and loading space. The yards are secured by perimeter fencing.

To the front of the premises, there is a dedicated car park providing approximately 70 spaces, ensuring ample parking for staff and visitors alike.

Terms

Offers are invited in the region of £1.8M.

The property is held on a Long Leasehold basis for a term of 125 years from 30 November 1999 (c.99 years unexpired) at a peppercorn rent.

Tenancy

The property is let to Tanfield Engineering Systems Limited for a term expiring 14 April 2035, subject to a tenant only break in 2030, at a passing rent of £180,000 per annum (£2.75 per sq ft).