BNP Paribas Real Estate has successfully completed on the sale of an office building within Durham’s Belmont Business Park, on behalf of Union Properties, to an undisclosed buyer for £1.35m.
Agreed off market, the 10,500 sq ft Allergate House is leased to occupiers including Howarth Litchfield, Clive Owen LLP, Dewhurts, Giles Insurance Brokers, Ribchesters Accountants, Home Housing, a Premier Inn and a Beefeater restaurant.
Aidan Baker, Senior Director, Office Agency and Co-Head of Newcastle Office at BNP Paribas Real Estate comments: “As return to the workplace gathers pace, we are seeing increased interest from occupiers looking to relocate into well-located, good quality, amenity centric buildings. Allergate House provides high-quality accommodation with a double height atrium and good level of designated courtyard car parking.”
Raj Sehgal, Director, Union Properties comments: “Office occupiers are demanding significantly more from their space in the wake of the pandemic and offices need to help organisations attract and retain high quality candidates and Allergate House will help achieve this aim.”
Allergate House comprises a standalone, two-story brick office pavilion structure, located 1.8 miles from Durham City Centre, with direct access to the city and Sunderland and close to both regional and national road networks.
The building provides excellent access to the East Coast mainline at Durham station linking to London and Edinburgh.
BNP Paribas Real Estate advised Union Properties.
