£3,625,000 /Sale price

Durham County Durham DH1 5SX

Overview

SUMMARY: Discover an opportunity with this Durham land for sale and available for £3,625,000 /Sale price. This could be your next ideal home or a smart investment. More details await.
LocationThe historic cathedral city of Durham is situated on the peninsula formed by the River Wear, approximately 15 miles south of Newcastle upon Tyne and within easy reach of the A1(M).The Fram Well enjoys a rare central Durham location with visibility and direct access to the heart of the city.Durham is one of the UK's most celebrated cathedral cities - a place where medieval heritage and academic excellence meet vibrant modern life. At its heart is Durham University, consistently ranked among the world's top institutions, which contributes to a dynamic local economy.Durham boasts excellent road links, with its position at the centre of the North East's transport network. The A1(M) is within a 6 minute drive time, providing fast access north and south. Durham's mainline railway station is just a 5-minute walk from the property, offering direct high-speed connections to major cities including London King's Cross, Edinburgh Waverley and Newcastle Central.DescriptionThe Fram Well was designed by award winning architects, Mawson Kerr, and was completed in 2020. The property enjoys an elevated position with views of Durham city centre, Durham Castle and Cathedral. The exterior of the building boasts a spectacular part glazed, post composite clad facade offering floor to ceiling glazed panels to each floor, flooding the office space with natural light.- Air conditioning- Floor to ceiling height of 2.7m throughout- LG2 compliant LED lighting with PIA control- 100mm full access raised floor- 1 x 8-person passenger lift- Male, female and accessible toilets on all floors- 21 car parking spaces- Flexible floor plates which would permit future multi-occupationTenure CommentsFreehold.
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Details

  • Price: £3,625,000 /Sale price
  • Reference No.: 89449865

Amenities

  • Home
    • Modern
    • three-storey Grade A office building extending to 12,033 sqft with 21 car parking spaces
    • Completed in 2020
    • Freehold
    • EPC Rating B
    • Located in Durham City Centre
    • within a 5-minute walk of Durham Railway Station and short drive time to the major road networks
    • Zero Grade A office supply and constrained development pipeline in Durham city
    • Fully let to The Secretary of State for Housing
    • Communities and Local Government
    • Full repairing and insuring lease (FRI) until 1 April 2032 (6.5 years unexpired) at a passing rent of £264,991 pa exclusive
    • Three yearly rent reviews to RPI (1% and 3% collar and cap). Next review on 2 April 2026

Location

Marketed by:

  • Naylors Gavin Black Llp, Newcastle Upon Tyne
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This Land for sale is located at Durham DH1 5SX. The home has . This Land in Durham County Durham is for sale for £3,625,000 /Sale price.

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