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Peterlee, 11 Yoden Way

Rent: £18,000 - £18,000

Region: County Durham


LOCATION
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 1,131 free car parking spaces and benefits from an approximate average weekly footfall of 210,000 persons per week.
Yoden Way is one of the primary streets and as such benefits from high footfall, with a host of national occupiers including but not limited to; Home Bargains, B&M Bargains, Subway, Greggs, Ramsdens, New Look, and Noble Amusements. The towns preliminary bus station is located directly behind the subject unit.

 

ACCOMMODATION
The accommodation is arranged on ground floor and first floor and offers the following approximate floor areas and dimensions:-

Net Frontage 6.12 m 20’ 1”
Depth 24.03 m 78’ 10”
First Floor 37.74 m2 406.19 sq ft
Ground Floor Sales (NIA) 137.50 m2 1,480 sq ft

LEASE TERMS
The premises are offered by way of a new full repairing and insuring lease for a term to be agreed, at an initial rent of £18,000 per annum exclusive.

 

PLANNING
The premises currently have A1 planning consent. The unit is available for other uses subject to securing the necessary planning approvals.

 

RATING ASSESSMENT
We are verbally advised by the Local Rating Authority that the premises are assessed as follows:-

Rateable Value £17,000
Rates Payable April 2019/20 £5,564

The above payable figure assumes that the ingoing Tenant will get the benefit of the government subsidy of 33.3% deduction from the standard rates payable figure for premises with a rateable value of less than £51,000.  Interested parties are advised to seek verification of the above from the Local Rating Authority.

 

ENERGY PERFORMANCE CERTIFICATE
An EPC for the property is available upon request from this office.

 

LEGAL COSTS
Each party will bear their respective legal costs incurred in connection with this transaction.

 

VAT
All figures quoted in these terms are exclusive of VAT where chargeable.

 

VIEWING
All viewings are strictly by prior appointment through:-
Pete Townsend
DD: 0191 280 4239
Mob: 07713 151970
Email: pete@atretail.co.uk

Property type: Retail

Rateable value: £17,000

Planning use: A1

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