Whitworth Avenue, Aycliffe Business Park, Newton Aycliffe, Durham, DL5
128,628 Sq Ft
For Sale: £4,200,000 for the Freehold
Key features
Proposed new 25-year lease on sale and leaseback
Guide price showing low rate of £32.65psf and 10.06% NIY
Established industrial location with good access to motorway
Long established occupier since construction
Property description
We are pleased to offer this property for Sale and Lease back under long lease. The property comprises a series of 5 warehouses with associated yard and car parking. The main warehouse was constructed in the 1990's and has been owned and occupied by the vendor since construction. This unit is of steel portal frame construction with office and staff facilities having dock loading to the eastern aspect and additional loading, yard and parking to the north and west. Eaves within the building extend to between 4.25m to 5.25m
To the east of the site are 4 further warehouse units, formerly split into 26 individual units the owner acquired these buildings in 2019 and they have been modified to form several individual warehouse stores with large central yard and dual site access from Whitworth Avenue to the north and Beaumont Way in the south. These units are also steel portal frame with eaves of 3.5m to 4.95m.
Total floor area of all buildings of 11,949.68 m2 / 128,628 ft2 inclusive of mezzanines which extend to 503.26 m2 / 5,417 ft2.
The total site area is some 2.58 hectares / 6.38 acres showing sub 50% gross site coverage.
Location
The property is located in the well established Aycliffe Business Park just south of Newton Aycliffe and 1.5 miles north of Junction 59 of the A1(M) motorway. The property sits centrally within the estate having dual access from adopted highways.