Retail premises to let in Passfield Way, Peterlee SR8

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:
M: Or

Ian Thurlbeck

E:
M: