28 The Chare, Castle Dene Shopping Centre

Castle Dene Shopping Centre
Peterlee, SR8 1AL

Use Class E

1,661 sq ft

£27,500

Use Class

Size

1,661 sq ft

Rent pa

£27,500

Marketed by Barker Proudlove

Last updated 19/01/2022

Retail Units & Shops for rentPeterlee

Prime retail unit to let.

Peterlee is recognised as the retail and services core of the District of Easington. The town benefits from excellent road communications and public transport links with the A19 trunk road situated approximately half a mile to the east which provides direct access to Teesside, Sunderland, Durham and Newcastle.

The town centre is dominated by the Castle Dene Shopping Centre which incorporates 1,100 free car parking spaces and benefits from an approximate average footfall of 175,000 persons per week.

The shopping centre provides approximately 28,335 sq m (305,000 sq ft) of retail accommodation. Established occupants include Asda, Wilkinson, Argos, Iceland, Boots, New Look, Sports Direct and B&M Bargains.

Tenure

Leasehold

Accommodation

Accommodation details below:

Areas

	sq ft	sq m
Ground Floor Sales	1578.00	146.59
Ancillary	83.00	7.71

Financial

Lease Type

New Lease

Lease Term

A new full repairing and insuring lease is available for a term of years to be agreed, subject to five yearly upward only rent reviews.

Rates

Interested parties are advised to make their own enquiries of the Local Rating Authority.

Rateable Year:	2014
Rateable Value:	£44,500.00
Rates Payable:	£21,449.00
UBR:	48.2p/£

Costs

Each party to be responsible for their own legal costs incurred in the transaction.

Service Charge

The service charge is approximately £6,032 per annum, plus insurance of £280.

Sustainability

Energy Performance Certificate

101

Note: An accurate EPC value wasn't given for this property, please check with the relevant agent or owner for up-to-date information.

Last Updated

19/01/2022

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.