SEAHAM GRANGE INDUSTRIAL ESTATE Seaham Grange, County Durham, SR7 0PU

GROUND RENT INVESTMENT

PARCEL 1 PARCEL 2

PARCEL 3 P ARCEL

FOR GUIDANCE PURPOSES ONLY’

SAVILLS NOTTINGHAM Enfield Chambers, 18 Low Pavement Nottingham NG1 7DG +44 (0) 115 934 8050 Getmapping plc 2020. Ordnance Survey Crown Copyright 2020. All Rights reserved. Licence number 100022432 Plotted Scale - 1:2250. Paper Size - A4

Getmapping plc 2020. Ordnance Survey Crown Copyright 2020. All Rights reserved. Licence number 100022432 savills.co.uk Plotted Scale - 1:2250. Paper Size - A4 Location Tenure Seaham Grange Industrial Estate is situated to the north- Freehold west of Seaham Town Centre. It is immediately to the east of the A1018 which links with the A19 approximately Price 0.5 miles to the south and with the southern edge of Offers are invited by way of Informal Tender to be received Sunderland approximately 3 miles to the north. The by email no later than 1:00pm on 22nd April 2020, offers industrial estate lies immediately to the west of the B1285. outside this deadline will not be considered. Access from the A19 travelling south is via the B1404 and the B1285. This is to ensure that all submissions are dealt with in an equal, fair and legal compliant way, submissions will only Seaham is situated in County Durham on the east coast, be accessed after an agreed deadline and by the Central lying approximately 5 miles to the south of Sunderland, 15 Procurement Team only. miles north-east of Durham and 5.5 miles to the north of Peterlee. The town lies to the east of the A19. The A19 is Emails are to be sent to [email protected], one of the region’s principal north to south arterial routes, quoting the Tender Reference D21001 – Seaham Grange linking Tyneside and Teesside. The A1(M) is approximately Industrial Estate. This is the only email to be used for 8 miles to the west. Principal access to Seaham is via submission, offers received by alternate email addresses the A182, which in turn links with the A19. A local railway will not be considered. station provides links with the larger centres with an 1. Offers should be for a specific sum, that is for an odd average journey time of approximately 27 minutes to sum, in order to reduce the chance of identical offers Newcastle upon Tyne. Port facilities are available at Cargo being received; Dawdon. 2. No escalating bids, or bids calculable by reference to With its excellent transport links, the estate is within easy another offer will be considered; reach of Sunderland City Centre, less than 15 minutes’ drive 3. There will not be a further opportunity to bid again away providing good local amenities. The Town Centre and, therefore, I must stress that this should be your includes The Bridges Shopping Centre with a range of best offer; retail outlets and eateries. 4. In order to increase the chances of your offer being Description accepted it is preferable that it should be accompanied by a financial reference; The property comprises four parcels of land extending to approximately: 5. Include the name, address and telephone number of your Solicitor; Parcel 1 – 0.795 acres (0.322 hectares) 6. Confirm the time-table within which you will be Parcel 2 – 0.535 acres (0.216 hectares) able to exchange Contracts from receipt of draft documentation; Parcel 3 – 7.22 acres (2.291 hectares) 7. Confirm time-table within which you will be able to Parcel 4 – 7.08 acres (2.864 hectares) complete exchange of Contracts; A long leasehold interest has been granted in connection 8. Whether your offer is subject to either a , valuation with each of the parcels on which there has been survey and / or any other conditions. significant warehouse / industrial development. Our client is not obligated to accept any offer received. Tenancies Vendor’s Costs Each of the parcels of land is subject to a Long Leasehold The purchaser will be responsible for the Vendor’s costs as as follows: follows: Plot 1 - 125 years from 26 August 1999 Savills - £7,000 plus VAT. Plot 2 – 999 years from 28 January 2000 Legal - £5,000 plus VAT. Plot 2 - 999 years from 28 January 2000 VAT Plot 3 – 125 years from 8 May 1998 VAT is applicable to the sale. Plot 4 – 125 years from 26 February 1998 Anti-Money Laundering (AML) All of the above are subject to a peppercorn Any offer accepted is subject to completing AML checks. ground rent. Viewing The property can only be inspected from the roadside. Contact Victor Ktori Christine Thorn Further Information 07870 999 467 0115 934 8152 Strictly by appointment only with the Sole Agent, Savills. [email protected] [email protected]

IMPORTANT NOTICE Maps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, published for the purposes of identification only and although believed to be correct accuracy is not guaranteed. Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | April 2020