This property is part of a retail warehousing scheme that is not sponsored and therefore has limited information. To find out the benefits of Scheme Sponsorship click here.

Unit 2 Peterlee, SR8 1PX

£ 28,704 pa / 1,248 sq ft
2, Passfield Way, Peterlee - Picture 2024-02-16-11-02-02
Use Class

Use Class

E

Size

Size

1,248 sq ft

Rent pa

Rent pa

£28,704

The scheme is set to provide 7 retail units of varying sizes alongside 70 car parking spaces, with site completion expected in July 2024. Each unit is available on a new effectively full repairing and insuring lease for a term to be agreed at an initial rent of £20 psf, exclusive of business rates, service charge, insurance and all other outgoings.

  • Prominent Roadside Neighbourhood Parade Development 200m from the A19.

  • Site to be Anchored by a 4,000 sqft Sainsburys with units under offer to Dominos, CVS Vets, Cooplands Bakers, and The Tanning Shop

  • Last unit remaining 1248 sqft.

  • 70 Car parking spaces including electric charging facilities.

  • Suitable for a variety of uses subject to consents.

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.

Accommodation

1,248 Sq.Ft

Areas
Sq.Ft
Sq.M
2
1,248
115.94

Financial

Rent

Subject to contract, rental offers are invited in the region of £28704 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

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.

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.

Sustainability

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

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

All data ©2024 Completely Property Technology Limited

This was last updated on 26/03/2024