TO LET AKELER HOUSE

2 EMPEROR WAY, DOXFORD INTERNATIONAL BUSINESS PARK SR3 3XR

FROM 12,917 SQ FT UP TO 25,963 SQ FT LOCATION Doxford International is the premier business park in the Sunderland region, located at the junction of the A19 and A690 on the south western side of .

The estate provides circa 1.35M sq ft of high specification office space constructed in the mid to late 1990s, on a site of approximately 125 acres.

Doxford boasts a strong line-up of national and international corporate occupiers, including Barclays, Royal Sun Alliance, EDF Energy, , Arriva plc, Royal Mail, Parseq, EverythingEverywhere, Nike and the Gentoo Group.

The estate benefits from excellent road communications, being situated at the junction of the A19 and A690, with the B1286 to the northern edge of the site. Doxford is also served by a total of 11 bus routes, connecting the park directly to Sunderland, , Durham, Hartlepool and the wider Wearside region.

The nearby Sunderland railway station in the city centre provides access across the national network linking with Newcastle and Middlesbrough, while Grand Central Railway Company operates services between Sunderland, Hartlepool, Northallerton, York and London King’s Cross. Grand Central is an established train operator, part of the Arriva group. The company has also topped the spring 2016 National Rail Passenger Survey with 96% of passengers satisfied, or very satisfied, compared to the national average of 80% according to figures released by Transport Focus.

International communications are provided by Newcastle International and Durham Tees Valley Airports, both located within 30 minutes’ drive time.

SITUATION The subject property sits on a prominent site close to the main entrance to Doxford International Business Park, providing highly visible frontage onto the B1286 City Road that links Doxford to the A19 to the west and Sunderland to the east, as well as the main access route through the estate.

Vacancy across the estate is limited and the adjacent 6 Admiral Way has just been acquired by Durham Police for occupation.

Nearby facilities serving the park include a large Virgin Active healthcare club incorporating swimming pools and racquet courts immediately to the east of the estate.

On site, a retail block provides amenities to all occupiers including a Greggs and Subway. DESCRIPTION The subject property comprises a modern, detached, high-specification office building, constructed in the mid-1990s. Split over three levels, the building is of steel frame construction, with cavity brickwork and glazed elevations, beneath a barrel vaulted profiled metal clad roof.

Internally, the building provides modern office accommodation arranged around a central core, with kitchen and welfare facilities and impressive mature external landscaping, providing a strong identity and sense of arrival.

The building benefits from raised floors, mechanical ventilation and two passenger lifts serving the upper floors.

The accommodation is currently fitted out providing kitchen facilities on both floors together with boardroom facilities and a number of meeting rooms and private offices. Structured cabling is in place throughout the building.

The first floor is occupied in its entirety by Northern Gas Networks. SPECIFICATION The building includes:

• Feature triple height reception / atrium area

• Air conditioning

• Fully accessible raised access floor

• Minimum finished floor to ceiling height of 2.7m

• Suspended ceiling with LG7 integral light fittings

• 2 x 8 person passenger lifts

• Male and female toilet facilities on each floor

• Cat 5 structured cabling throughout

• Car parking for 124 cars DEMOGRAPHICS • 1.72 million people live within a 15 mile (30 minute) radius of Doxford International, two-thirds (1.13 million) of these being of working age (ONS, Mid Year Population Estimates, 2012).

• There are 47,000 people actively seeking work within a 15 mile radius (almost 10,000 people within a 5 mile radius), around a half (48%) having been unemployed for less than six months (Nomis claimant count data, September 2013).

• There are 84,300 students at the four universities located within a 15 mile radius (Sunderland, Durham, Newcastle and Northumbria) (HESA 2012). Durham - which has 16,600 students - is a significant source of employees for Doxford-based companies.

• The comparatively low cost of living helps to keep wage rates at a competitive level. On average, wages in the City are just 87% of the national average. In comparison, Newcastle upon Tyne stands at 95% (ONS, Annual Survey of Hours & Earnings, Workplace Data, 2012).

• Average house prices in the region are 58% of the national average, 45% of South East and 27% of Greater London (RightMove House Price Index, October 2013). ACCOMMODATION The property has been measured in accordance with the RICS Code of Measuring Practice 6th Edition and comprises the following approximate net internal floor areas:

sq m (sq ft) Ground Floor Suite A - - Let to Doxford Park Management Co

Ground Floor Suite B 1,162.86 (12,517)

First Floor - - Let to Northern Gas Networks

Second Floor 1,249.14 (13,446)

Total 2,412.00 (25,963)

There are 124 car park spaces available providing an excellent ratio of 1:209 sq ft.

GROUND FLOOR SECOND FLOOR W

E S G S E L T W V E Newcastle I O N P R W OTHER OCCUPIERS A D D E D I R A A International Airport V E L

K 0 W M E

D C

9 O W A B RO L 6 D O A A D Doxford International Business Park is an E A 6 M E 28 M B1 A S W established business park with blue-chip occupiers 1 ADO Carlisle 9 GME LON Newcastle A19 Airport such as EDF Energy, Barclays, Royal Mail, More

upon-Tyne

B M 12 Th>n and UKAR. 86 Y A TY W O CI N M

A O A1231 R O C R S Brampton H C Sunderland I E A D M W E M

P A1 A B E R 90 Y E A690 R O R EPC 6 A O AL W IR A W M D A R AD Y

E W L A Y L Y A W W The property benefitsM6 from an EPC of D:95. Durham Peterlee AL A IR A M Y A19 1 D 9 A

AD RO ILLE A1(M) NV Hartlepool LA RATEABLE VALUE G

Penrith

The Valuation Office Agency website describes Durham C Y A A M Tees W Akeler House B the property within the 2017 Rating List as LL E E Valley W R R W E E B Airport L ‘Offices & Premises’ with an RV of £282,500. L M A A 1 W A66 9 C A The property will need to be reassessed if let Y

Middlesbrough

on a floor-by-floor basis. Richmond

Windermere Darlington

TERMS A A19 19 The property is available by way of a new lease for a term to be agreed. Pickering VAT M6 Ripon All prices quoted are exclusive of VAT where A1(M) chargeable. Lancaster Harrogate York VIEWING Strictly by appointmentLeeds via Sole Agents, BNP Paribas RealB Estate: M65 BradfordAidan Baker T: +44 M621(0)191 227 5737 A1(M) M: +44 (0)7712 868537 One Trinity Gardens Broad Chare [email protected] Newcastle upon Tyne NE1 2HF

Misrepresentation Act 1967: BNP Paribas Real Estate Advisory & Property Management UK Limited for themselves and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1. these particulars do not constitute, nor constitute any part of, an offer or contract. 2. None of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact. 3. Any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and neither BNP Paribas Real Estate Advisory & Property Management UK Limited nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to this property. Finance Act 2013: Unless otherwise stated all prices and rents are quote exclusive of VAT. The Business Protection from Misleading Marketing Regulations 2008:

These details are believed to be correct at the time of compilation but may be subject to subsequent amendment. April 2017 © Produced by Barbican Studio: +44 (0)20 7634 9573