Interested in this property? Call Grant Owens on +44 (0)161 631 2853 or Richard Barker on +44 (0)113 388 4856

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.

Castle Dene Shopping Centre provides the main shopping opportunity in the town, incorporating the high street and several free surface car parks.

The centre is anchored by Asda, other retailers present are Wilkinson, Aldi, Iceland, Boots, Superdrug, Sports Direct and B&M Bargains

Accommodation

The premises comprise the following approximate net internal floor areas:-

Demise Sq. ft. Sq. m.
Ground Floor 6,380 592.7

Rent

We are seeking rental offers in the order of £60,000 per annum exclusive.

Tenure

Subject to Vacant Possession, the unit is offered on a new effectively Full Repairing and Insuring Lease, for a term of years to be agreed.

Business Rates

The unit has a 2017 rateable value assessment of £47,750.

Interested parties should satisfy themselves as to the rateable value and business rates payable by making their own enquiries with the Rates Department at the Local Council.

Service Charge

The on-account service charge for the year 2018 stands at approximately £20,298

EPC

D

Legal Costs

Each party to be responsible for their own legal and professional costs incurred in this transaction.

VAT

Unless otherwise stated, all prices/rents are quoted exclusive of VAT.