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Marketed by
6 Peterlee, SR8 1PX
Use Class
E
Size
1,250 sq ft
Rent pa
£28,125
Market Sector
Retail & Shopping Park
Key Features
Prominent Roadside Neighbourhood Parade Development 200m from the A19
The scheme is Anchored by a 4,000 sqft Sainsburys alongside Dominos, CVS Vets, Greggs who are all open and trading wel
Last unit remaining of 1,250 sqft
70 Car parking spaces including electric charging facilities
Suitable for a variety of uses subject to consents
Description
The scheme is set to provide 7 retail units of varying sizes alongside 70 car parking spaces, with site completion expected in July 2024. Each unit is available on a new effectively full repairing and insuring lease for a term to be agreed at an initial rent of £20 psf, exclusive of business rates, service charge, insurance and all other outgoings.
Location
Located 1 mile west of Peterlee town centre in a largely residential catchment, with Shotton Hall Academy and Primary School immediately adjacent, this prominent site sits 200m east of the A19 with a nearby average daily traffic flow of ~65,000 vehicles (2019). This provides strong direct links with Sunderland, Middlesbrough and Newcastle, all within a 35 minute catchment of the site.
Key Information
Viewing
Strictly by appointment.
Legal
The Money Laundering Regulations 2017 place a legal obligation on the agents to identify a proposed purchaser once the sale has been agreed and prior to instructing solicitors. Confirmation of the source of the purchaser's funds will also be required.
Accommodation
1,250 Sq.Ft
Ground floor retail unit
Financial
Lease Term
Available on a new effectively full repairing and insuring lease for a term to be agreed
Rent
Subject to contract, rental offers are invited in the region of £28125 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.
Rates
Interested parties are advised to make their own enquiries to the Local Authority.
Costs
Each party is responsible for their own legal and other professional costs incurred in the transaction.
Service Charge
There will be an estate service charge for the upkeep of the common items, further detail upon request.
Tenure
Leasehold
This Property is Part of a Retail & Shopping Park
Passfield Way
The scheme is set to provide 7 retail units of varying sizes alongside 70 car parking spaces, with site completion expected in July 2024. Each unit is available on a new effectively full repairing and insuring lease for a term to be agreed at an initial rent of £20 psf, exclusive of business rates, service charge, insurance and all other outgoings.
Disclaimer
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.
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