Industrial for sale in Mill Hill, North West Industrial Estate, Peterlee SR8, £950,000

950,000.00

Offer Nr.:
53686591
Type of ad:
for Sale
Property type:
Industrial
Contact name:
Frew Pain & Partners
Phone(s):
0191 686 9887

**Location**
The site and premises are located on Mill Hill, North West Industrial Estate,
Peterlee. North West Industrial Estate, offers excellent communication links
throughout the region, via the A19, which lies 2 mins driveaway. All local
services and amenities are located close by within Peterlee Town Centre. The
Estate provides a wide and varied selection of other occupiers mainly
industrial / warehousing and trade business. The exact location is shown on
the attached plan.
**Description**
The site was previously occupied and operated by Hexion UK, which has now been
fully decommissioned with all plant removed and selective demolition
undertaken. The site consists of a variety of workshop / warehouse and offices
set within a secure fenced compound. The remainder of the site offers a
selection of concrete yards and compacted hardcore with internal service
roads. The former laboratory is a single storey brick built unit with pitched
tiled roof over, offering a combination of open plan and cellular room
formats. To the rear is an area of undeveloped land with tarmacadam car park
to the front. The main two storey office block is of brick construction and
provides offices, WC and welfare facilities, with a car park to the front.
Within the main site there are four remaining self - contained warehouse /
workshop /stores of steel portal frame design with profile cladding to
elevations and roof above. The site is secured by perimeter palisade fencing
with soft landscaping to all boundaries.
**Accommodation**
From onsite measurements the premises provide the following Area (gia):
Laboratory (Area 27) 280. 76m2
Office (Area 23) 275. 84m2
Stores (Area 20) 147. 35m2
Warehouse (Area 17) 186. 30m2
Warehouse (Area 15) 351. 60m2
Stores (Area 16) 180. 41m2
total gia: 1, 422. 26 M2 (15, 309 sq ft)
total site area: 3. 92 ha (9. 7 acres) or thereabouts
**Services**
It is understood the site benefits from all mains services with the exclusion
of gas. There are two decommissioned weighbridges on site along with a
drainage interceptor. (It is recommended that all interested parties contact
the local service providers to ensure that the services are operational).
**Business rates**
The site will require to be reassessed upon occupation. (All interested
parties contact the Local Authority to confirm these figures. )
**Tenure**
Freehold
(du 187138 / du 187150).
A small area to rear of the site is owned by Northumbria Water for a pumping
station, where they require unfettered access at all times. In addition
Northern Powergrid will also require access to their Borden South Substation,
which is located on site. (Full details upon application).
**Price**
Our client is seeking a price of £950, 000, Subject to Contract.
**Energy performance certificate**
Full details upon request.
**VAT**
VAT will be chargeable at the prevailing rate.
**Legal costs**
The ingoing tenant will be responsible for the Vendors reasonable legal costs
in connection with any transaction.
**Viewing**
By prior appointment with Frew Pain & Partners, contact:
James E F Pain
Tel: Email:
February 2020

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