Peterlee, Passfield Way

Rent: £23 - £23

Region: County Durham

Town/City: Peterlee

LOCATION /SITUATION
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.

 

THE SCHEME
The scheme is set to provide 7 retail units of varying sizes alongside 70 car parking spaces, with site completion expected in Q2 / Q3 2024.  The unit is available on a new effectively full repairing and insuring lease for a term to be agreed at an initial rent of £22.50 psf, exclusive of business rates, service charge, insurance and all other outgoings.

 

AVAILABILITY
Arranged over ground floor only, the following highlights current interest and available opportunities within the 7 units.

Unit	Size (sqft)	Tenant	Status
1	4,000	Sainsburys	Exchanged
2	1,248	Available	Available
3/4	1,248	CVS Veterinary Services	Under Offer
5	1,500	Dominos	Exchanged
6	1,250	Cooplands	Exchanged
7	1,200	The Tanning Shop	Exchanged

BUSINESS RATES
Business Rateable Values have not been set by the local authority and will be assessed post development. For further information and estimates please contact the agents.

 

EPC
The individual units Energy Performance Certificates will be assessed and available upon completion.

 

COSTS
Each party is to be responsible for their own legal costs incurred with this transaction. All figures quoted are exclusive of VAT and other charges where applicable. There will be an estate service charge for the upkeep of the common items, further detail upon request.

 

INFORMATION / VIEWING
For enquiries, viewing, and general information, please contact @retail;
Peter Townsend
E: pete@atretail.co.uk
M: 07713 151 970

 

or

 

Ian Thurlbeck

E: iant@atretail.co.uk
M: 07515 831417