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Peterlee, Passfield Way

Rent: £23 - £23

Region: County Durham

Town/City: Peterlee

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 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.


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 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.


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


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.


For enquiries, viewing, and general information, please contact @retail;
Peter Townsend
M: 07713 151 970




Ian Thurlbeck

M: 07515 831417

Property type: Retail

Rateable value: £TBC

Planning use: E

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