Spennymoor, 19 Festival Walk

Rent: £14,750 - £14,750

Region: County Durham

Town/City: Spennymoor

LOCATION/SITUATION
Spennymoor is found in the district of Sedgefield located approximately 8 miles south of Durham and 14 miles north of Darlington. The town has a resident population of 22,438 (2021 Census).  The property is prominently located within the recently refurbished Festival Walk scheme, which is anchored by a new Aldi store. The surrounding area is predominantly retail, leisure and residential uses with parking nearby.

 

ACCOMMODATION
Arranged over ground floor and first floor only, with the following approximate dimensions and floor areas:

Shop Depth	13.43m	44’1”
Internal Width	7.64m	25’1”
Ground Floor Sales	100.43m2	1,081ft2
Ground Floor Stores/Loading	24.80m2	267ft2
First Floor Stores	62.29m2	692ft2

Loading is available via the service lane running along the rear of the premises.

 

LEASE TERMS
A new effective Full Repairing & Insuring lease for a term to be agreed is available at a rent of £14,750 per annum exclusive.

 

EPC
Further details of the Energy Performance Certificate to follow.

 

BUSINESS RATES

Rateable Value	£12,500
2023/2024 UBR	£0.499
Estimated Rates Payable	£6,238

Given the Rateable Value is between £12,001-£15,000, there will be significant discount available on the Rates Payable figure.  Interested parties are advised to make their own Business Rates enquiries with the relevant Local Authority.

 

COSTS/VAT/SERVICE CHARGE
Each party is to be responsible for their own legal costs incurred with this transaction.  Please note VAT is not chargeable on the annual rent.   A service charge is payable to cover the costs of the maintenance of the exterior structure and common parts.

 

VIEWING
For enquiries, viewing, and general information, please contact @retail:
Jonathan Chapman
E: jonathan@atretail.co.uk
M: 07949 938210