Passfield Way Peterlee, SR8 1PX

Size

11,693 sq ft

Market Sector

Retail & Shopping Park

Key Features

Prominent Roadside Neighbourhood Parade Development 200m from the A19.
Site to be Anchored by a 4,000 sqft Sainsburys with units under offer to Dominos, CVS Vets, Cooplands Bakers, and The Tanning Shop.
Last unit remaining 1248 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.

Availability

6
Availability: To Let
Size: 1,250 ft²

Disclamier

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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