Office - For sale - Seaham Workshops - Seaham
- Well let mixed commercial investment
- Eight office suites totaling 5,025 sq ft / 15 workshop units totaling 12,956 sq ft
- Total rent £85,779 pa - 84% let
- Net initial yield 8.57%
- Low capital value of £52.83 psf
The property is arranged in an ‘L’ shape comprising a two storey office building at the corner of
Hall Dene Way with two wings of single storey office/workshop accommodation to the north-east
The property is of brick construction with powder coated double glazed windows and a pitched
profile metal clad roof. The office/workshop units have roller shutter security doors covering double
pedestrian access doors.
Internally the workshop units are arranged over exposed concrete floors with painted block walls,
lying beneath pitched roofs with insulated clad undersides, with lighting provided by florescent strips.
There is also a shared yard and car park area to the front.
Seaham is located approximately 15 miles south of Newcastle, 12 miles north-east of Durham, eight miles north of Peterlee and five miles to the south of Sunderland.
Seaham Grange Industrial Estate is set between the A1018 and the B1285 Stockton Road to the immediate north-west of Seaham. Access is via the B1285, with direct links to the A19 and in turn the national road network. The property is located on Hall Dene Way which is the main thoroughfare through the estate.