Land to let in Bowburn South Industrial Estate, Durham DH6, £175,000 pa

175,000.00 per month

Offer Nr.:
66117743
Type of ad:
to Rent
Property type:
Land to let
Contact name:
Bradley Hall
Phone(s):
0191 686 9796

* Unfurnished
**Location**
Bowburn is situated between High Shincliffe to the north - west and Coxhoe to
the south - east on the A177. It is part of the Cassop - cum - Quarrington parish.
The village is located 3 miles to the south - east of Durham city centre.
Durham Road (A177) serves the site and the entire estate, it connects the site
to Durham, the north, London, and other places to the south via the A1(M).
**Description**
The site is surrounded by a variety of both commercial and residential uses,
the most prominent of which are the residential units to the east and the
industrial estate to the west. As it stands now, the development site consists
of a wooded area to the north and an open field to the south.
Roads encircle the location on three sides. Durham Road stretches the entire
length of the eastern side. The traffic - lighted intersection of Durham Road
and the entrance road of the Bowburn South Industrial Estate share the
southeast corner. Access to different industrial units is provided via a
secondary road that extends the entire length of the western side of the
industrial complex.
**Accommodation**
We calculate the approximate areas to be as follows:
Total 4. 688 Acres 1. 8973 Hectares
Student Development design
An indicative scheme has been produced that shows a development for 478
student units. This scheme is over 4 floors and benefits from 68 car parking
spaces, including 3 disabled spaces, and direct access to Durham Road bus
stop.
Looking at the current academic year, the demand for student housing
outweighed the supply. All purpose built student accommodation in Durham had
been taken up, this trend has continued going into the 2024/2025 academic
year, with there being very limited availability for students.
Planning Permission and Design
A planning proposal has been submitted for both a class A1 food store
(4, 184m2), and class A2 uses (2, 453m2). Both proposals benefit from associated
car parking and servicing facilities.
Further details can be found using Durham city planning portal, using
reference code: DM/18/02371/out.
Terms
Available by way of a new lease with terms to be agreed at £175, 000 (One
Hundred and Seventy Five Thousand Pounds) per annum. Expressions of interest
are invited for the sale of the land.
**VAT**
All rents, premiums and purchase prices quoted herein are exclusive of VAT.
All offers are to be made to Bradley Hall upon this basis, and where silent,
offers will be deemed net of VAT.
Tenure
Long leasehold of 250 years
**Legal costs**
Each party is to bear their own legal costs involved in the transaction.
**Anti - money laundering regulations**
In accordance with the Anti - Money Laundering Regulations we are required to
verify the identify of the Purchaser/Tenant. We will do so based on name and
address data provided but we may also require you to provide two forms of
identification. We will require the Purchaser/Tenant to provide proof of the
source of income.

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