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Spennymoor, 19 Festival Walk

Rent: £14,750 - £14,750

Region: County Durham

Town/City: Spennymoor

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.


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.


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


Further details of the Energy Performance Certificate to follow.



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.


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.


For enquiries, viewing, and general information, please contact @retail:
Jonathan Chapman
M: 07949 938210

Property type: Retail

Rateable value: £12,500

Planning use: E

Download property details document

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