Office - Investment - Redmond House, 1 Fern Court - Peterlee
- Modern detached two-storey office building totaling 33,516 sq ft
- Single let office Investment
- Well established office/call centre location
- There is excellent car parking provision, with 113 spaces on site, providing an excellent ratio of 1:296 sq ft.
- Offers in excess of £2,000,000. High net initial yield of 17.70%. Low capital value of £59.67 psf.
The property comprises a modern, detached, two-storey office building constructed in 1998 of steel frame construction with brick elevations, steel framed double glazed windows beneath a pitched roof.
The property's specification includes:-
- Double height reception
- One 8 person passenger lift
- Central heating
- 2.7m clear floor to ceiling height
- Category II lighting
- Full raised access floors
- Male/Female WC's on each floor including disabled WCs
The property is located within Bracken Hill Business Park a well-established office/call centre location. The property is accessed to the South-West of Peterlee approximately 1 mile from the Peterlee junction of the A19.
Peterlee is located between the Tyne and Wear and Teesside conurbations offering excellent road links via the A19.