Derwent Valley Trading Estate Common Road, Dunnington, YO19 5PD

Derwent Valley Trading Estate, Common Road, Dunnington, York, YO19 5PD

To Let

• 3.77 acres (1.52 hectares)

• Secure Site

• Principal Warehouse unit 12,780 sq ft

• 2 storey Modular Office unit 2,550 sq ft

• Established Commercial Estate adjacent to A1079 Hull road approximately 11/2 miles from A64 dual carriageway at Grimston Bar Roundabout

• Approximately 58 years remaining on the Ground Lease

The subject property is located approximately 5 miles to the east of York city centre, a short distance to the north of A1079 Hull Road, which is approximately 11/2 miles east of the A64 dual carriageway at the Grimston Bar roundabout junction and 1/2 mile to the south of Dunnington village centre. The immediate surrounding area is predominantly industrial and commercial in nature.

The subject property comprises a site of 1.52 hectares (3.77 acres) incorporating a single storey industrial building with adjoining offices, a store and lean-to, a two storey modular office building together with surplus storage land.

The workshop/warehouse premises comprise a single storey building of concrete frame construction clad externally in brickwork and profile metal sheeting to the elevations beneath a pitched roof covered in asbestos cement sheeting incorporating translucent rooflight situated towards the west of the workshop/warehouse is a more recent extension that is of steel portal frame construction accessed via a large concertinaed door to the west.

Situated to the east of the warehouse is a single storey L-shaped office block which is of brick construction beneath a flat roof. Internally, the offices are of dated specification including carpeting, concrete floors, painted and plastered walls, suspending ceilings with recessed category 2 lights and perimeter trunking. The offices are heated by wall mounted panel radiators served by a gas fired boiler. The windows are uPVC frame and double glazed.

To the south west of the workshop/warehouse is a basic wind and watertight store of metal frame and trussed construction, clad to the elevations in corrugated metal. The store has a concrete floor and is illuminated by fluorescent strip lights.

Towards the entrance of the site (south east) is a two storey modular office building beneath a flat roof providing a reception, offices, a common room and WC to ground floor and office accommodation, WC, kitchen and boardroom to first floor. The specification predominantly comprises carpeted floors, painted plastered walls and suspended ceilings with recessed strip lighting. Some of the accommodation has climate control units. The windows are uPVC framed double glazed.

The site in general is L-shaped and predominantly concrete surfaced to the eastern end of the site with concrete roadway running towards the south-western section. The remainder is surfaced in hardcore and gravel covering. The majority of the site is fenced with a concrete post and chain link fence and there is a hedge adjoining the perimeter to the west and north.

Accommodation

Description

Area sq ft

Area sq m

Industrial workshop & warehouse unit

12,780 sq ft

1,187.30 sq m

Works office space

732 sq ft

68.01 sq m

Furniture store and lean to

2,078 sq ft

193.05 sq m

2 storey offices

2,550 sq ft

236.90 sq m

The above floor areas have been calculated on a gross internal basis. Interested parties must however satisfy themselves as to the floor areas of the subject property.

Site Area

1.52 hectares / 3.77 acres.

Tenure

The premises are held by way of 2 ground leases. The principal ground lease dated 1980 is for a term of 99 years from 08.03.1976 to expire 07.03.2075. The secondary lease is for a term of 92 years from 23.07.1987. The passing rent is £55,000 per annum exclusive and is reviewed 5 yearly.

Full copies of the lease documentation are available upon request. The buildings and infrastructure are all owned by the tenant.

Proposal

The site and premises are offered by way of assignment of the existing leases, subject to Landlord's consent and a premium of £475,000 is sought for the benefit of the buildings, infrastructure and the balance of the long leasehold interest.

Rateable Value

The premises have a current rateable value of £83,000. Further enquiries should be directed to the Local Authority City of York Council.

Services

We are advised that the site and buildings are connected for mains services including 3 phase power and water and drainage.

Energy Performance Certificate

The premises have an EPC rating of C-68 for the offices and E-114 for the warehouse & workshops. Copies of the Energy Performance Certificates are available upon request.

VAT

All reference to price, premium or rent are deemed to be exclusive of VAT unless expressly stated otherwise. Any offer received by Lawrence Hannah will be deemed exclusive of VAT.

Legal Costs

Each party are to be responsible for their own legal costs incurred in connection with this transaction.